Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech and New Economy credit universe presents a stark structural divergence, highlighted by highgrade hardware leaders like the TAISEM 1.75% maturing in October 2026 trading alongside aggressive, highyielding telecommunications and investment conglomerates. Japanese communications giant SoftBank dominates the screen's riskreward spectrum, offering senior and hybrid issues with compelling yields to worst hovering between 9.0% and 10.2%, anchored by papers such as the SOFTBK 9.75% due April 2034 yielding 10.18%. For institutional portfolio managers seeking elevated carry within the Asian dollardenominated credit space, the sector provides deep liquidity and attractive spread compensation across the BB+ and B+ rating cohorts, as demonstrated by the SOFTBK 9.25% due April 2032 offering a 9.76% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tsmc Arizona Corp. | …AA96 | 1.75 | 73.408 | 99.6 | 2026-10-25 | AA- | USD | 1.25BN | |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 10.182 | 97.7666341 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …6676 | 6.875 | 9.944 | 97.375 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 4 | Softbank Group Corp. | …7427 | 8.25 | 9.865 | 89.2925 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 5 | Softbank Group Corp. | …AB97 | 9.25 | 9.76 | 97.8732222 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 6 | Softbank Group Corp. | …7005 | 7.625 | 9.699 | 90.2864286 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 7 | Softbank Group Corp. | …9169 | 8.5 | 9.409 | 94.3757143 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 8 | Softbank Group Corp. | …2355 | 7.5 | 9.27 | 89.5561112 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 9 | Softbank Group Corp. | …8864 | 8.25 | 9.217 | 96.1963044 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2272 | 7.25 | 9.028 | 92.1792857 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.