据悉银行大幅下调SK海力士韩股杠杆投资成本

Odaily News: Following SK Hynix's U.S. listing and a sharp decline in AI-related stocks, the financing costs for global investors leveraging SK Hynix's Korean shares have halved in recent weeks. According to insiders, several banks, including Bank of America, Citigroup, Goldman Sachs, and JPMorgan, are quoting clients a premium of approximately 150 to 300 basis points over the Secured Overnight Financing Rate (SOFR) for exposure to SK Hynix's Korean shares through swap transactions. In mid-June this year, some banks quoted premiums exceeding 1,000 basis points over SOFR for clients looking to establish new SK Hynix swap contracts or renew existing ones. Since May 1, SOFR has fluctuated between 3.50% and 3.69%.

Previously, banks quoted extremely high financing rates to allocate limited quotas among clients to meet demand for new SK Hynix swap transactions, and in some cases, even directly rejected client requests. At that time, the AI boom drove SK Hynix's Korean shares to rise 11-fold in the 12 months through June 22. As market sentiment turned extremely bullish, banks worried about overconcentration of their portfolios in such stocks, which pushed up their financing costs in the repo market. Insiders noted that some banks that had previously declined client requests are now proactively seeking new business. (Jin Shi)