Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen is currently dominated by SoftBank Group’s USDdenominated communications curve, offering professional fixedincome investors highbeta exposure with compelling absolute yields ranging from the mid8% to high9% area. Shorterdated paper such as the SoftBank 8.625% maturing in April 2030 and the 6.875% maturing in January 2031 deliver attractive yields to worst of 8.405% and 8.417% respectively, presenting solid entry points within the BB+ rating tier. Further out the curve, longend senior and deeply structured issues like the SoftBank 9.75% due April 2034 and the 8.25% due October 2065 push yields even higher, offering robust 9.5% to 9.8% compensation for investors seeking elevated risk premiums in the Japanese TMT space.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Softbank Group Corp. | …AC70 | 9.75 | 9.842 | 99.5115278 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 2 | Softbank Group Corp. | …7427 | 8.25 | 9.536 | 92.4395 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 3 | Softbank Group Corp. | …7005 | 7.625 | 9.472 | 92.4450001 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 4 | Softbank Group Corp. | …AB97 | 9.25 | 9.383 | 99.4319722 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 5 | Softbank Group Corp. | …9169 | 8.5 | 8.957 | 97.111 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 6 | Softbank Group Corp. | …2355 | 7.5 | 8.801 | 92.1629546 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 7 | Softbank Group Corp. | …8864 | 8.25 | 8.781 | 97.8762501 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 8 | Softbank Group Corp. | …2272 | 7.25 | 8.655 | 93.7325 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …4112 | 6.875 | 8.417 | 94.583538 | 2031-01-10 | 2030-10-12 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …AA15 | 8.625 | 8.405 | 100.6162861 | 2030-04-01 | 2030-01-01 | BB+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.