The Thai securities house has lost its position as the top structured products provider in the country in 1H 21 despite a surge in issuance and sales year-on-year (YoY).

Kiatnakin Phatra Securities (KKPS) raised THB8.3 billion (US$252.5m) across 1,616 structured notes sold in the first half of 2021, registering a strong rebound from a historical low a year ago. The securities house’s net profit also increased 16.9% to THB883.9m groupwide during the first six months of the year. Its structured products issuance saw a 72.9% climb year-on-year, but was still at a distance from the level seen in H1 19 – THB12.4 billion, according to SRP data. Despite t

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