Indonesia & Frontier Asia HY

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

The Indonesia & Frontier Asia highyield screen surfaces ten USD bonds yielding roughly 8.9% to 10.8%, spanning Lao, Pakistani and Indonesian issuers across utilities, sovereign, materials and energy sectors. Most of the group offers a meaningful spread over higherrated emergingmarket paper, making it a focused hunting ground for income. EDLLS 11.125% 2031 leads the list at a 10.79% yieldtoworst, but its CCC+ rating makes it the most creditsensitive name on the screen. Investors need to weigh that extra yield against the risk of a weaker issuer profile. Pakistan's sovereign curve offers a range of choices: PKSTAN 8.875% 2051 yields 9.78% for longdated exposure, while PKSTAN 7.875% 2036 (rated B) yields 8.90% with a shorter tenor. Both are sovereignbacked credits with a clearer rating anchor than the Lao utility. INDYIJ 8.75% 2029 (Energy, 8.96%) and NICAU 9% 2030 (Basic Materials, 9.54%) add Indonesian exposure at shorter maturities. Their yields sit close to the sovereign alternatives, which makes them useful for relativevalue comparisons across the theme.

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