Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy screen is currently dominated by SoftBank Group's USDdenominated communications sector issuance, offering professional fixedincome investors exceptional doubledigit yieldtomaturity entry points amidst broad credit tier repricing. Across the curve, shortertointermediate maturities such as the SoftBank 7% maturing July 2031 at an 8.41% YTW and the 8.25% October 2031 paper at 8.87% YTW provide robust carry for BB+ rated credits without extending duration risk unduly. For accounts seeking higher total return potential further out on the yield curve, longerdated notes like the SoftBank 9.75% April 2034 yielding 9.53% and deeply discounted structures screen attractively for relativevalue generation.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Softbank Group Corp. | …6676 | 6.875 | 9.932 | 97.5467144 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 2 | Softbank Group Corp. | …7427 | 8.25 | 9.681 | 91.0516667 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 3 | Softbank Group Corp. | …AC70 | 9.75 | 9.529 | 101.1260682 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 4 | Softbank Group Corp. | …7005 | 7.625 | 9.494 | 92.2764722 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 5 | Softbank Group Corp. | …AB97 | 9.25 | 9.081 | 100.6875 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 6 | Softbank Group Corp. | …9169 | 8.5 | 8.979 | 96.9825 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 7 | Softbank Group Corp. | …2355 | 7.5 | 8.889 | 91.6885001 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 8 | Softbank Group Corp. | …8864 | 8.25 | 8.872 | 97.5371213 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …2272 | 7.25 | 8.669 | 93.7082143 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2818 | 7 | 8.409 | 94.6116667 | 2031-07-08 | 2031-04-09 | BB+ | USD | 500MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.