Indonesia & Frontier Asia HY

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

Ten USD highyield bonds from Indonesia, Pakistan and Laos, ranked by yield, span sovereign, utility, energy and materials credits across frontier Asia. Yields run from about 8.9% to 11.3%, offering meaningful carry for investors willing to accept lowerrated paper. EDLLS 11.125% 2031 leads the list at an 11.335% yield to worst, but its CCC+ rating marks it as the highestrisk name in the group. Pakistan's PKSTAN 8.875% 2051 yields 10.042%, giving longdated sovereign exposure at a steep discount. Indonesian issuers offer a relatively shorterdated anchor, with INDYIJ 8.75% 2029 yielding 8.863% and NICAU 9% 2030 at 9.307%. LAOSIN 9.625% 2032 (B) yields 9.604%, close to par, for investors comparing sovereign spreads across the region.

#IssuerISINCouponYTWPriceMaturityNext CallRatingCURAMT OUT
1EDL-Generation Public Company…AA0511.12511.33599.20833342031-08-112029-08-11CCC+USD300MM
2EDL-Generation Public Company…AA9711.12510.652101.06488932031-08-112029-08-11CCC+USD300MM
3Pakistan (Islamic Republic of)…AU738.87510.04289.42764392051-04-08High Yield 2USD800MM
4Lao Peoples's Democratic Republic…52349.6259.604100.07340912032-04-14B-USD500MM
5Pakistan (Islamic Republic of)…19648.8759.51942051-04-08High Yield 2USD800MM
6Nickel Industries Ltd.…AD1799.307992030-09-302027-09-30High Yield 2USD800MM
7Indika Energy Tbk…AA158.759.09399.252029-05-072026-12-13High Yield 1USD555MM
8Pakistan Water & Power Development Authority…17077.58.87994.922031-06-042031-03-04B-USD500MM
9Pakistan (Islamic Republic of)…62297.98.87293.72036-09-10BUSD1.25BN
10Indika Energy Tbk…AA348.758.86399.752029-05-072026-12-13High Yield 1USD555MM

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