In Brief 2: Cetelem becomes a bank; MCI's bonds; Swissmed's IPO share price

The Banking Supervisory Commission yesterday gave the green light to the registration of Cetelem Bank. Until now Cetelem has been operating on the market as a company granting cash and installment loans as well as issuing credit cards. Cetelem Polska has around 400,000 customers across the country. (Parkiet, p. 5) ... Between September 14-16 investors will be signing up for convertible bonds issued by venture capital firm MCI Management. The raised funds will be used to finance newly planned projects. (Parkiet, p. 6) ... The management of Swissmed has set a price bracket of between zł.2.8-3.5 per share in its upcoming IPO. This means that the company will raise from the floor a maximum of zł.12.2 million instead of the zł.19 million planned earlier. (Parkiet, p. 4) A.K.