The Thai bank has deployed the longest-tenor it has ever used on an interest rate-linked structured note in the domestic market in response to investors' search for yield at the current rates level for longer.
Market expectations of a rate cut have prompted Krungthai Bank to look at Thai investors’ new interest: mega long-tenor interest rate-linked products. This year we see a lot of demand for fixed-income style investments, and some of which are reinvestment needs that are a result of perpetual bonds that have been called this year - Tortrakun Satayaprasert Starting in April, the Thai banking giant issued five 13-year-long structured notes with optionality linked to the Thai Overnigh