Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen is currently dominated by SoftBank Group’s USDdenominated communications issuance, offering professional fixedincome investors a compelling suite of highbeta opportunities across the credit curve. Yieldtoworst (YTW) profiles across the screened universe sit firmly at the upper end of the Asian highyield spectrum, ranging from approximately 8.84% on shorterdated paper like the 7% 2031 maturity up to a lucrative 10.25% on the 9.75% April 2034 notes. This concentrated set of BB+ and B+ rated issues provides portfolio managers with attractive discount pricing—with multiple lines trading below par—allowing tactical deployment to capture elevated absolute yields within the regional tech and telecom space.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Softbank Group Corp. | …AC70 | 9.75 | 10.254 | 97.4055344 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 2 | Softbank Group Corp. | …7427 | 8.25 | 9.905 | 88.925 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 3 | Softbank Group Corp. | …AB97 | 9.25 | 9.765 | 97.8539381 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 4 | Softbank Group Corp. | …7005 | 7.625 | 9.716 | 90.1328125 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 5 | Softbank Group Corp. | …9169 | 8.5 | 9.5 | 93.8333334 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 6 | Softbank Group Corp. | …2355 | 7.5 | 9.337 | 89.1971429 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 7 | Softbank Group Corp. | …8864 | 8.25 | 9.265 | 96.0169566 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 8 | Softbank Group Corp. | …2272 | 7.25 | 9.091 | 91.9291761 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …4112 | 6.875 | 8.867 | 93.1142273 | 2031-01-10 | 2030-10-12 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2818 | 7 | 8.835 | 93.046875 | 2031-07-08 | 2031-04-09 | BB+ | USD | 500MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.