Indonesia & Frontier Asia HY

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

Frontier Asia high yield offers income well above investmentgrade peers, with this screen spanning Indonesia, Pakistan, and Laos and yields from roughly 8.8% to 10.7%. Utility EDLLS (Laos, CCC+) leads the group at a 10.688% yieldtoworst, while the Lao sovereign 9.625% 2032 (B) yields 9.488%, a meaningful pickup for a government credit. Pakistan's sovereign curve offers relative value, with the 7.375% 2031 yielding 8.836%, the Brated 7.5% 2031 at 9%, and the Brated 7.9% 2036 at 8.845%. Indonesian corporates add sector diversity, with INDYIJ 8.75% 2029 (energy) yielding 9.207% and NICAU 9% 2030 (basic materials) at 9.464%, though investors should weigh the credit and liquidity risks that accompany these spreads.

#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
4Pakistan (Islamic Republic of)…19648.8759.49394.156252051-04-08High Yield 2USD800MM
5Lao Peoples's Democratic Republic…52349.6259.488100.55884622032-04-14B-USD500MM
6Nickel Industries Ltd.…AD1799.46498.52030-09-302027-09-30High Yield 2USD800MM
7Indika Energy Tbk…AA158.759.207992029-05-072026-12-05High Yield 1USD555MM
8Pakistan Water & Power Development Authority…17077.5994.472031-06-042031-03-04B-USD500MM
9Pakistan (Islamic Republic of)…62297.98.84593.862036-09-10BUSD1.25BN
10Pakistan (Islamic Republic of)…AT017.3758.83688.092031-04-08High Yield 2USD1.4BN

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