Maybank gains momentum in Thai market

The Malaysian bank is setting a foothold in Thailand three months after its debut.

reported that Maybank Securities (Thailand) appears as the issuer and distributor of 27 structured products issued between 23 August and 22 November.

The equity-linked notes feature knockin and knock-out payoff profiles, and offer exposure to single and baskets of Thai stocks including Siam Commercial Bank, Bangkok Dusit Medical Services, Bumrungrad Hospital, Jay Mart, PTT Exploration & Production, Plan B Media, Bangkok Bank, Central Retail, Gulf Energy Development, SCG Packaging, KCE Electronics, and Bangkok Expressway & Metro.

worth investors (HNWIs) or institutional investors as required by the country’s regulations.

The fully-owned subsidiary of Maybank Group, which owns the largest Malaysian bank by assets, debuted its first structured note in Thailand on 23 August, tracking the performance of the Siam Commercial Bank share, SRP data shows. The product generated a sales volume of THB6m during a one-day subscription and will mature on 19 May 2023.

Maybank has issued almost 30 structured notes with total notional of THB200.6m (US$5.8m) in Thailand since it entered the domestic market three months ago.

The Securities and Exchange Commission (SEC) of Thailand has

With a tenor of six to nine months, the non-capital-protected structured notes offer coupons of between six percent and 11% pa, according to the SEC filings – the notes are denominated in Thai baht and only available to high-net-

The Malaysian bank intended to enter the market in 2021 following the announcement by Arapat Sangkharat (pictured), deputy chief executive and officer at Maybank Securities (Thailand) of the launch of a structured products range and a new digital platform, in its H1 2021 earnings report. Maybank declined to comment on the product launch.