Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen presents a compelling divergence between highgrade security and doubledigit distressedlevel yields, anchored by tierone semiconductor exposure and aggressive highbeta Japanese telecommunications paper. Taiwanese hardware leadership is exemplified by the TAISEM 1.75% maturing in October 2026, which trades at an eyecatching 25.636% YTW despite an investmentgrade AA credit rating, offering an anomalous riskadjusted entry point for macrofocused desks. Conversely, the Japanese communications segment—dominated by successive SoftBank issuances across the 2031 to 2036 curve—delivers robust highyield carry, with the SOFTBK 9.75% April 2034 and 9.25% April 2032 leading the pack at 9.889% and 9.409% YTW respectively.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tsmc Arizona Corp. | …AA96 | 1.75 | 25.636 | 99.6 | 2026-10-25 | AA- | USD | 1.25BN | |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 9.889 | 99.265625 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …AB97 | 9.25 | 9.409 | 99.3214286 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 4 | Softbank Group Corp. | …9169 | 8.5 | 9.107 | 96.1933893 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 5 | Softbank Group Corp. | …2355 | 7.5 | 8.982 | 91.1445 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 6 | Softbank Group Corp. | …7427 | 8.25 | 8.972 | 92.2126095 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 7 | Softbank Group Corp. | …8864 | 8.25 | 8.833 | 97.6818315 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 8 | Softbank Group Corp. | …6676 | 6.875 | 8.751 | 98.6477273 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 9 | Softbank Group Corp. | …2272 | 7.25 | 8.629 | 93.8593652 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …4112 | 6.875 | 8.583 | 94.0352729 | 2031-01-10 | 2030-10-12 | BB+ | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.