Macquarie first foreign bank to offer warrants in Korea

Landmark equity-linked warrants deal in Korea

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Macquarie Securities Korea, the Seoul branch of Macquarie Bank, listed its first four equity-linked warrants (ELWs) on July 11, becoming the first foreign issuer to issue warrants in Korea.

The contracts were a put and a call warrant on the Kospi 200 Index, Korea's main stock price index, plus call warrants on semiconductor producer Hynix and steel maker Posco.

"We chose well-known names across different sectors to start with, with good liquidity in the underlying stock, making it easy to test

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