In Brief: DB PBC shares; TP SA EUR 300 million bond sale; Interest rates
Deutsche Bank PBC has decided to withdraw its remaining 5% of shares from the Warsaw Stock Exchange. The bank offers zł.1.64 per share, a value equal to the average share price for the past six months. (Puls Biznesu, p. 10) ... TP SA has sold bonds worth EUR 300 million through its subsidiary Eurofinance France. The deadline for repurchase is July 5, 2011, while the interest rate stands at 4.625%. (Puls Biznesu, p. 6) ... According to market analysts, the two-day long meeting of the Monetary Policy Council (RPP) which starts today will close with a decision to increase interest rates by at least 25 base points to stand at 5.5%. Most economists hope that the increase will help lower inflation as the pace of growth picks up. (Parkiet, p. 1) A.K.