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Macquarie in Korean deals

Macquarie in Korean deals

(Australia) - Macquarie Bank has moved on two opportunities in Korea, signing an equity derivatives deal with a local bank and establishing a new fund to invest in the country's lucrative toll road industry. Macquarie signed a memorandum of understanding with Woori Bank to collaborate on developing equity derivative products for the Korean market.

Macquarie said the alliance would combine its expertise in product design and risk management with the resources of a major South Korean institution.

The bank also announced a separate deal with the Shinhan Financial Group to raise A$370 million from South Korean institutions to form the new Korean Road Infrastructure Fund.

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