China Aoyuan Property Group Ltd. is planning a US$175.0 million boost to its 6.35% senior notes due 2020 series.

The new notes, slated to mature Jan. 11, 2020, will be offered at a price equal to 98.516% of their principal amount plus accrued interest. They are intended to be listed on the Singapore stock exchange.

The company is expecting US$170.7 million in net proceeds from the new notes, which will be consolidated with the previously offered US$250.0 million amount. The money will be used to refinance the group's existing debt and for general working capital.

In a filing, the company noted that all principal terms of the two notes in the same series are the same other than the maturation date and offering price.

AMTD Global Markets Ltd., China Industrial Securities International Brokerage Ltd., China Merchants Securities (HK) Co. Ltd., the Singapore branch of Deutsche Bank AG and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers and joint book runners of the latest offering.