Malaysia's Public Bank issues 1 billion ringgit debt

Reuters

KUALA LUMPUR, Sept 25 (Reuters) - Malaysia's third-largestlender by asset size, Public Bank Berhad, said that itissued Basel III compliant, medium-term notes worth 1 billionMalaysian ringgit ($310.99 million) on Wednesday.

The notes carry a coupon rate of 4.80 percent and willmature in 2023, it said in a stock exchange filing. The bank hasapproval from Malaysia's central bank to issue notes worth up to10 billion ringgit.

($1 = 3.21 Malaysian ringgit)

(Reporting By Siva Sithraputhran)

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