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.

#IssuerISINCouponYTWPriceMaturityNext CallRatingCURAMT OUT
1EDL-Generation Public Company…AA0511.12511.21899.6252031-08-112029-08-11CCC+USD300MM
2EDL-Generation Public Company…AA9711.12510.773100.79590282031-08-112029-08-11CCC+USD300MM
3Pakistan (Islamic Republic of)…19648.8759.88490.752051-04-08High Yield 2USD800MM
4Lao Peoples's Democratic Republic…52349.6259.8599.06026322032-04-14CCC+USD500MM
5Pakistan (Islamic Republic of)…AU738.8759.78443.912051-04-08High Yield 2USD800MM
6Nickel Industries Ltd.…AD1799.54198.252030-09-302027-09-30High Yield 2USD800MM
7Pakistan (Islamic Republic of)…62297.99.38590.55642862036-09-10BUSD1.25BN
8Indika Energy Tbk…AA158.759.25698.8752029-05-072026-11-22High Yield 1USD555MM
9Indika Energy Tbk…AA348.759.17699.0468752029-05-072026-11-22High Yield 1USD555MM
10Pakistan (Islamic Republic of)…AL667.8759.15192.04428572036-03-31BUSD300MM

Results are limited to USD bonds with an amount outstanding of at least USD 200MM.