Indonesia & Frontier Asia HY

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

The ten bonds screened into this theme span Indonesian and frontier Asian high yield, with yields to worst running from roughly 8.8% to 10.7% across sovereign, utility, materials and energy issuers. The set gives investors a broad menu of spread and duration exposure within a single regional mandate. The top of the ranking is led by EDLLS 11.125% 2031, a CCC+ Lao utility yielding 10.688%, the highest income on offer. Pakistan's sovereign PKSTAN 8.875% 2051 yields 9.784%, and Indonesia's NICAU 9% 2030 in basic materials yields 9.655%, both well above many investmentgrade alternatives. Higherquality names offer a more defensive profile at lower yields. The Lao sovereign LAOSIN 9.625% 2032 (B) yields 9.441%, Pakistan's PKSTAN 7.9% 2036 (B) yields 8.862%, and the shorterdated INDYIJ 8.75% 2029 energy bond yields 8.849%, so investors can trade off yield against rating and maturity within the group.

#IssuerISINCouponYTWPriceMaturityNext CallRatingCURAMT OUT
1EDL-Generation Public Company…AA0511.12510.688100.98566252031-08-112029-08-11CCC+USD300MM
2EDL-Generation Public Company…AA9711.12510.688100.98566252031-08-112029-08-11CCC+USD300MM
3Pakistan (Islamic Republic of)…AU738.8759.78443.92051-04-08High Yield 2USD800MM
4Nickel Industries Ltd.…AD1799.65597.8953152030-09-302027-09-30High Yield 2USD800MM
5Pakistan (Islamic Republic of)…19648.8759.55793.5764732051-04-08High Yield 2USD800MM
6Lao Peoples's Democratic Republic…52349.6259.441100.75683042032-04-14B-USD500MM
7Indika Energy Tbk…AA348.759.10199.22848532029-05-072026-12-05High Yield 1USD555MM
8Pakistan Water & Power Development Authority…17077.59.03394.34272732031-06-042031-03-04B-USD500MM
9Pakistan (Islamic Republic of)…62297.98.86293.752036-09-10BUSD1.25BN
10Indika Energy Tbk…AA158.758.84999.781252029-05-072026-12-04High Yield 1USD555MM

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