Brookline Bancorp in Boston plans to raise $75 million by issuing debt.

The $5.6 billion-asset company may use proceeds from the sale of fixed-to-floating rate subordinated notes to fund acquisitions or stock repurchases.

Brookline initially planned to raise $50 million, but increased the offering "due to market demand," it said in a press release Friday.

Sterne, Agee and Leach and Sandler O'Neill are the joint book-running managers for the offering. U.S. Bancorp is a co-manager.

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