The subsidiary of Siam Commercial Bank (SCB) has issued THB2.1 billion (US$62m) of notional of short-term structured notes for high-net-worth investors in H1 21, which represents a fourfold increase year-on-year (YoY).

Despite having a small market share, the figure represented a growth of 31.7%, or THB506m, from the previous peak seen in H2 19, according to SCB Securities’ financial statements. These equity-linked notes carried an interest rate of 0.08% to 16% with a tenor of less than 270 days.    Along with the expansion, the number of underlying equity types rose to 35 from 27 in H1 21 YoY, driven by SCG Packaging, a subsidiary of Siam Cement Group, SRP data shows. The firm, which was lis