Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech and New Economy screen presents a compelling divergence between highgrade foundational issuers and highbeta communications credit, offering portfolio managers asymmetric carry opportunities. At the top of the screen, Taiwan Semiconductor (TAISEM 1.75% Oct 2026) commands an exceptional 17.11% yieldtoworst despite its AA credit rating, driven by unique pricing dynamics near par. Meanwhile, the SoftBank complex dominates the remainder of the opportunity set, delivering robust doubledigit and highsingledigit yields—such as the SOFTBK 9.75% April 2034 offering a 10.13% YTW and the SOFTBK 8.5% April 2036 yielding 9.34%—appealing to yieldfocused accounts seeking exposure to Japanese telecom and techinvestment risk.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tsmc Arizona Corp. | …AA96 | 1.75 | 17.111 | 99.8709488 | 2026-10-25 | AA- | USD | 1.25BN | |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 10.13 | 98.0311125 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …6676 | 6.875 | 9.936 | 97.4464286 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 4 | Softbank Group Corp. | …7427 | 8.25 | 9.828 | 89.64 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 5 | Softbank Group Corp. | …AB97 | 9.25 | 9.706 | 98.0934257 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 6 | Softbank Group Corp. | …7005 | 7.625 | 9.692 | 90.3407143 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 7 | Softbank Group Corp. | …9169 | 8.5 | 9.337 | 94.8042858 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 8 | Softbank Group Corp. | …2355 | 7.5 | 9.259 | 89.6116667 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 9 | Softbank Group Corp. | …8864 | 8.25 | 9.156 | 96.4283333 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2272 | 7.25 | 9.031 | 92.1621429 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.