Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy fixedincome universe currently offers compelling entry points for highyield credit investors, led entirely by SoftBank Group's liquid USD senior and hybrid issuances. Yields across the screened curve remain elevated and attractive, ranging from an 8.39% yieldtoworst on the 7% 2031 line up to 9.70% on the 9.75% 2034 maturity. Investors seeking enhanced riskadjusted returns can look further down the capital structure to longerdated issues, such as the 8.25% 2065 security offering a 9.55% yieldtoworst against a B+ credit rating.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Softbank Group Corp. | …AC70 | 9.75 | 9.7 | 100.2509375 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 2 | Softbank Group Corp. | …7427 | 8.25 | 9.552 | 92.28125 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 3 | Softbank Group Corp. | …7005 | 7.625 | 9.52 | 91.9784616 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 4 | Softbank Group Corp. | …AB97 | 9.25 | 9.198 | 100.2080448 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 5 | Softbank Group Corp. | …9169 | 8.5 | 9.012 | 96.7716667 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 6 | Softbank Group Corp. | …2355 | 7.5 | 8.83 | 92 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 7 | Softbank Group Corp. | …8864 | 8.25 | 8.802 | 97.7955 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 8 | Softbank Group Corp. | …2272 | 7.25 | 8.636 | 93.8166667 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …4112 | 6.875 | 8.42 | 94.574579 | 2031-01-10 | 2030-10-12 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2818 | 7 | 8.396 | 94.6255556 | 2031-07-08 | 2031-04-09 | BB+ | USD | 500MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.