As the Southern Hemisphere's high summer looms, Chilean investors are warming up to credit card deals. Over the last month, the securitization arm of Banco de Credito e Inversiones has brought to market the only two bonds ever done in the sector and noticed a sunny trend. Though rated lower, their second deal priced tight to the first one.

"The market didn't know about the sector then and they're getting very comfortable, very fast," said Gerardo Spoerer, chief executive officer of BCI Securitizadora.

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