Malaysia Public Bank sells 1.2 bln rgt in debt

KUALA LUMPUR, June 8 (Reuters) - Malaysia's Public Bank (PUBM.KL) said on Monday it had sold 1.2 billion ringgit ($341.2 million)of debt, more than the 1.0 billion originally planned, via the sale of perpetual notes and subordinated notes due 2059.

The bank, Malaysia's third-largest firm by market value, said in a statement that the notes would pay 7.5 percent a year.

"The placement exercise with an initial launch size of RM1.0 billion had been upsized to an issue amount of RM1.2 billion due to increased investors demand," the bank said in a statement to Bursa Malaysia.

Public Bank said earlier this year in an interview with Reuters that it aimed to rise 5 billion ringgit in capital over the next 7 years. [ID:nKLR441331]

(Reporting by David Chance; Editing by Niluksi koswanage)