The state-owned bank has closed a five-year structured note tracking an ESG decrement index with full principal protection, amassing THB1.83 billion (US$55.5m) during the four-day subscription.

The THB-denominated note is linked to the performance of the iStoxx Global Transformation Select 30 NR Decrement 4.5% (EUR) Index, available to high-net-worth individuals. Besides ESG, the thematic index invests in four megatrends - connected world, industry 4.0, sustainable growth and better healthcare. With a linear payoff, the note offers uncapped return and enables investors to receive periodic principal repayment during the five years with the yield to be paid at maturity. Both corporate