Chile's first two credit card deals are approaching the finish line, with BCI Securitizadora clutching both batons. The securitizer expects to kick off the roadshow for the pair of transactions in about ten days, said Gerardo Spoerer, CEO of BCI, an arm of Chile's Banco de Credito e Inversiones.

The transaction scheduled to close first - perhaps at the end of October - is a 3.5-year, Ps70 billion (US$94.2 million) securitization of credit card accounts originated by Ripley, a local department store that started out middle-market, but has recently made inroads into more affluent segments.

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