Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy theme covers technology and communications issuers across the region, and this screen is led by Japanese paper, with SoftBank's USD curve yielding roughly 9% to 10.6% across maturities from 2031 to 2065. SoftBank's BB+ rated 9.75% 2034s yield 10.59% and the 9.25% 2032s yield 10.18%, offering the most carry on the list, while the BB+ rated 6.875% 2031s at 9.31% provide a shorterdated alternative for investors seeking tighter duration. Relative value is notable: the B+ rated 2061s (9.61%) and 2065s (9.42%) yield less than the BB+ rated 2034s, so the longer end offers little extra compensation for added duration and lower credit quality. HKT's 2030 zerocoupon shows a 22.81% YTW that looks anomalous against its 101.25 price and should be verified before drawing any conclusions.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HKT Capital No.1 Ltd. | …4082 | 0 | 22.814 | 101.25 | 2030-01-15 | BBB | USD | 300MM | |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 10.589 | 95.75 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …AB97 | 9.25 | 10.182 | 96.1875 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 4 | Softbank Group Corp. | …8864 | 8.25 | 9.734 | 94.2840387 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 5 | Softbank Group Corp. | …6676 | 6.875 | 9.689 | 96.3619048 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 6 | Softbank Group Corp. | …7005 | 7.625 | 9.61 | 88.7437783 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 7 | Softbank Group Corp. | …7427 | 8.25 | 9.424 | 87.8816177 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 8 | Softbank Group Corp. | …2272 | 7.25 | 9.352 | 90.901 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
| 9 | Softbank Group Corp. | …4112 | 6.875 | 9.308 | 91.75 | 2031-01-10 | 2030-10-12 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2355 | 7.5 | 9.156 | 90.2255 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.