With investor interest in Southeast Asian debt at its nadir, analysts are expecting companies in those countries to start tapping the "future- flow securities" market to raise cash.

Future flows are securities backed by assets that do not exist or have not yet been sold when the securities are issued. For example, a steel company could sell bonds backed by sales of steel that have not yet been completed. Or a foreign bank might issue securities backed by anticipated credit card receipts from American tourists.

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