Thailand’s largest issuer has seen its offerings recover to Q1 20 levels as clients reinvested proceeds from selling stocks redeemed from fixed coupon notes (FCNs) during the Covid-19 related market collapse.

Kiatnakin Phatra Securities ( “KKPS ” ) collected THB3.5 billion (US$112.2m) from 769 structured notes in Q1 21, slightly lower than the THB3.8 billion recorded in Q1 20, translating to a market share of 9.8%. This shows a strong rebound compared with the sales plunge in Q2 20 at THB1.1 billion, SRP data shows. Between April and May, it has raised THB2.4 billion across 456 products. The new trend is to use offshore equity underlyings - Nopadon Nimmanpipak, KKPS  “Our v

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