Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen is currently dominated by highyielding USDdenominated communications paper from SoftBank Group, offering institutional investors aggressive riskadjusted return opportunities in the highyield tier. The topranked curve segment presents compelling entry points, led by the SOFTBK 9.75% 2034 maturity offering a 9.7% yield to worst alongside the SOFTBK 9.25% 2032 note trading near par at a 9.198% yield. Further out the maturity spectrum, investors can capture attractive discount pricing and robust yields exceeding 8.3%, exemplified by the SOFTBK 8.5% 2036 at a 9.012% yield and the shorterdated SOFTBK 7% 2031 offering an 8.396% yield to worst.
| # | 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.