Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen is currently dominated by highbeta, dollardenominated issuance from SoftBank Group, offering sophisticated fixedincome investors doubledigit yieldtomaturity entry points across a welldefined duration curve. Investors seeking aggressive carry in the communications sector can look to longerdated paper such as the SoftBank 6.875%, which screens with an attractive 9.972% yieldtomaturity, alongside senior fixedrate tranches yielding in the high 9% range. The topranked screen highlights robust relative value in the intermediatetolong end, evidenced by the SoftBank 9.75% 2034 printing at a 9.771% yieldtomaturity and the SoftBank 7.625% 2029 anchoring the short end at an 8.586% yieldtomaturity.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Softbank Group Corp. | …6676 | 6.875 | 9.972 | 97.125 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 9.771 | 99.875 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …7427 | 8.25 | 9.401 | 88.0937443 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 4 | Softbank Group Corp. | …9169 | 8.5 | 9.349 | 94.73625 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 5 | Softbank Group Corp. | …AB97 | 9.25 | 9.284 | 99.84375 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 6 | Softbank Group Corp. | …8864 | 8.25 | 9.17 | 96.3801924 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 7 | Softbank Group Corp. | …2355 | 7.5 | 9.146 | 90.25 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 8 | Softbank Group Corp. | …2272 | 7.25 | 9.013 | 92.250625 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …2818 | 7 | 8.804 | 93.1621428 | 2031-07-08 | 2031-04-09 | BB+ | USD | 500MM |
| 10 | Softbank Group Corp. | …8948 | 7.625 | 8.586 | 97.5133334 | 2029-10-22 | 2029-07-24 | BB+ | USD | 400MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.