Indonesia & Frontier Asia HY
High-yield bonds from Indonesia and frontier Asia, highest yield first.
This screen captures the highbeta segment of Asian frontier and Indonesian highyield credit, where yields spanning 9.15% to 11.22% compensate investors for sovereign and liquidity risk. Utilities and distressed sovereign credits dominate the upper tier of the screen, led by Electricite du Laos (EDLLS) sitting at an eyewatering 11.22% YTW on its 2031 maturity. Relative value opportunities are concentrated in extendedduration sovereign paper, notably Pakistan's longend curve offering high9% yields across its 2051 maturities, alongside midduration Brated paper like the PKSTAN 7.9% 2036 trading at a 9.39% YTW. These instruments provide institutional accounts with liquid, doubledigit total return potential against stabilizing macroeconomic backdrops. Indonesian energy and basic materials issues round out the loweryielding end of the screen, represented by Indo Energy's INDYIJ 2029 notes at 9.2% YTW and Nickel Mines' NICAU 2030 paper yielding 9.54%. These corporate credits offer robust fundamental cash flows that provide a higherquality buffer compared to frontier sovereign exposure.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | EDL-Generation Public Company | …AA05 | 11.125 | 11.218 | 99.625 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
| 2 | EDL-Generation Public Company | …AA97 | 11.125 | 10.773 | 100.7959028 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
| 3 | Pakistan (Islamic Republic of) | …1964 | 8.875 | 9.884 | 90.75 | 2051-04-08 | High Yield 2 | USD | 800MM | |
| 4 | Lao Peoples's Democratic Republic | …5234 | 9.625 | 9.85 | 99.0602632 | 2032-04-14 | CCC+ | USD | 500MM | |
| 5 | Pakistan (Islamic Republic of) | …AU73 | 8.875 | 9.784 | 43.91 | 2051-04-08 | High Yield 2 | USD | 800MM | |
| 6 | Nickel Industries Ltd. | …AD17 | 9 | 9.541 | 98.25 | 2030-09-30 | 2027-09-30 | High Yield 2 | USD | 800MM |
| 7 | Pakistan (Islamic Republic of) | …6229 | 7.9 | 9.385 | 90.5564286 | 2036-09-10 | B | USD | 1.25BN | |
| 8 | Indika Energy Tbk | …AA15 | 8.75 | 9.256 | 98.875 | 2029-05-07 | 2026-11-22 | High Yield 1 | USD | 555MM |
| 9 | Indika Energy Tbk | …AA34 | 8.75 | 9.176 | 99.046875 | 2029-05-07 | 2026-11-22 | High Yield 1 | USD | 555MM |
| 10 | Pakistan (Islamic Republic of) | …AL66 | 7.875 | 9.151 | 92.0442857 | 2036-03-31 | B | USD | 300MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.