Krungthai cashes in on custom indices

The Thai state-owned bank has revisited a Deutsche Bank momentum index for the issuance of structured products tracking proprietary indices developed by investment banks in the past 18 months, which now stands at US$122.7m.  Traded on 7 June, the structured note linked to the Deutsche Bank Momentum Asset Allocator 5.5% Volatility Control Index sold THB20m (US$570,000). The note has a tenor of 20 months and offers a fixed coupon of 1.5%. Prior to that, the Thai bank issued two structured n