The largest player of structured notes in Thailand has decreased its issuance to a record-low of 1,518 with a sales volume of THB8.9 billion (US$286m), a market share of 18%, according to SRP data.

In the meantime, the outstanding balance of structured notes dipped to THB585.6m as at end of 2020, nearly a quarter of that a year ago. Kiatnakin Phatra Securities (“KKPS”), headed by Aphinant Klewpatinond (pictured), received THB9.6 billion in cash from structured notes in 2020, a 61.2% decrease year-on-year (YoY), while the cost was almost halved to THB881.6m, according to its FY20 financial statements. The Thai provider kept its focus on the food & beverage sector foll

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