Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy credit universe presents a stark bifurcation, highlighted by topranked highgrade hardware plays such as the TAISEM 1.75% 2026 trading alongside higherbeta telecommunications and investment holding structures. For institutional portfolios seeking enhanced carry, the Japanese communications segment offers compelling doubledigit and high singledigit yields, led by the SOFTBK 9.75% 2034 yielding 10.18% and the SOFTBK 9.25% 2032 at a 9.76% yieldtoworst. Across the broader curve, strong relative value persists in intermediate and longdated tranches—such as the SOFTBK 8.5% 2036 and SOFTBK 7.25% 2032 offering yields of 9.41% and 9.03% respectively—underpinning tactical opportunities in crossborder Asian technology debt.
| # | 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.