Indonesia & Frontier Asia HY

High-yield bonds from Indonesia and frontier Asia, highest yield first.

This highyield screen captures the upper tier of riskadjusted yield generation across Indonesia and broader frontier Asian credit markets, dominated heavily by sovereign issuance and select regional utilities. Current yieldtoworst (YTW) profiles span an aggressive 8.8% to over 11.1%, reflecting the liquidity premiums and fundamental tail risks demanded by institutional investors navigating these developing jurisdictions. At the apex of the screen, Électricité du Laos (EDLLS) 11.125% maturing in August 2031 leads the opportunity set with a YTW of 11.108%, offering elite headline income within the utilities sector despite its CCC+ credit profile. Meanwhile, sovereign paper from Pakistan commands a significant footprint on the screen, highlighted by longduration Pakistan (PKSTAN) 8.875% notes yielding 9.784% and midcurve issues providing robust absolute returns north of 9%. Beyond the sovereign space, opportunistic pockets such as nickellinked Basic Materials exposure via NICAU 9% notes maturing in 2030 deliver a compelling 9.492% YTW trading near par, balancing regional commodity growth with attractive spread pickup. Institutional fixedincome allocators can leverage these doubledigit and highsingledigit yields to capture substantial carry, though rigorous credit selectivity remains paramount given the frontier risk distribution.

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