Indonesia & Frontier Asia HY
High-yield bonds from Indonesia and frontier Asia, highest yield first.
Highyield investors seeking doubledigit returns in Asia will find compelling entry points concentrated in frontier sovereigns and select utilities, led by EDL Generation's 2031 notes offering yieldstoworst exceeding 10.3%. Sovereign credit risk across Pakistan provides deepvalue opportunities along the curve, highlighted by longdated bonds such as the PKSTAN 8.875% maturing in 2051 trading at significant discounts with yields pushing toward 9.8%. Indonesian issuers add highbeta diversification with solid fundamentals, exemplified by Nickel Mines' NICAU 9% 2030 and Indika Energy's INDYIJ 8.75% 2029 delivering attractive yieldstoworst in the 8.3% to 8.9% range.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | EDL-Generation Public Company | …AA05 | 11.125 | 10.483 | 101.5 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
| 2 | EDL-Generation Public Company | …AA97 | 11.125 | 10.37 | 101.7744692 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
| 3 | Pakistan (Islamic Republic of) | …AU73 | 8.875 | 9.784 | 43.92 | 2051-04-08 | High Yield 2 | USD | 800MM | |
| 4 | Pakistan (Islamic Republic of) | …1964 | 8.875 | 9.567 | 93.5007143 | 2051-04-08 | High Yield 2 | USD | 800MM | |
| 5 | Pakistan (Islamic Republic of) | …6229 | 7.9 | 9.004 | 92.855 | 2036-09-10 | B | USD | 1.25BN | |
| 6 | Nickel Industries Ltd. | …AD17 | 9 | 8.921 | 100.25 | 2030-09-30 | 2027-09-30 | High Yield 2 | USD | 800MM |
| 7 | Pakistan (Islamic Republic of) | …AT01 | 7.375 | 8.836 | 87.98 | 2031-04-08 | High Yield 2 | USD | 1.4BN | |
| 8 | Pakistan (Islamic Republic of) | …AL66 | 7.875 | 8.795 | 94.17 | 2036-03-31 | B | USD | 300MM | |
| 9 | Pakistan Water & Power Development Authority | …1707 | 7.5 | 8.699 | 95.5 | 2031-06-04 | 2031-03-04 | B- | USD | 500MM |
| 10 | Indika Energy Tbk | …AA15 | 8.75 | 8.37 | 100.8494565 | 2029-05-07 | 2026-11-15 | High Yield 1 | USD | 555MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.