Indonesia & Frontier Asia HY

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

Ten USD highyield bonds from Indonesia and frontier Asia, ranked by yield to worst, span sovereign, utility, energy and materials issuers, giving a broad read on regional credit risk and reward. Yields range from about 8.8% to 10.7%, led by EDLLS 11.125% 2031 at a 10.652% yield to worst. Its CCC+ rating marks it as the highestrisk name in the group, so the extra yield must be weighed against weaker credit quality. Sovereign and quasisovereign paper offers a middle ground: LAOSIN 9.625% 2032 yields 9.498% at a B rating, and PAKWNP 7.5% 2031 yields 8.924%. Indonesian energy issuer INDYIJ 8.75% 2029, yielding about 8.86% with a shorter maturity, offers a tighterduration option for investors focused on relative value.

#IssuerISINCouponYTWPriceMaturityNext CallRatingCURAMT OUT
1EDL-Generation Public Company…AA0511.12510.652101.06488932031-08-112029-08-11CCC+USD300MM
2EDL-Generation Public Company…AA9711.12510.652101.06488932031-08-112029-08-11CCC+USD300MM
3Pakistan (Islamic Republic of)…AU738.8759.78443.92051-04-08High Yield 2USD800MM
4Lao Peoples's Democratic Republic…52349.6259.498100.5156252032-04-14B-USD500MM
5Pakistan (Islamic Republic of)…19648.8759.45494.52051-04-08High Yield 2USD800MM
6Nickel Industries Ltd.…AD1799.307992030-09-302027-09-30High Yield 2USD800MM
7Pakistan Water & Power Development Authority…17077.58.92494.75142862031-06-042031-03-04B-USD500MM
8Indika Energy Tbk…AA158.758.87199.73214292029-05-072026-12-11High Yield 1USD555MM
9Indika Energy Tbk…AA348.758.86399.752029-05-072026-12-11High Yield 1USD555MM
10Pakistan (Islamic Republic of)…AT017.3758.83688.122031-04-08High Yield 2USD1.4BN

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