(Corrects coupon in first paragraph.)
Feb. 17 (Bloomberg) -- China Overseas Land & Investment Ltd., a developer with projects in 34 cities and regions in mainland China, Hong Kong and Macau, plans to increase its existing 4.875 percent dollar bonds, according to a person with direct knowledge of the matter.
The company may sell as much as $200 million more of the bond, which matures in February 2017, said the person, who declined to be identified because the details are private.
The notes are being marketed to yield 405 basis points more than similar-maturity treasuries, the person said.
Polly Tong, a spokeswoman at China Overseas Land, was not immediately available for comment when called at her offices in Hong Kong.
Deutsche Bank AG, JPMorgan Chase & Co., ICBC International and HSBC Holdings Plc, the same banks that arranged the original $500 million sale on Feb. 9, are managing the increase, said the person.
The company has a $300 million bond outstanding that will mature in July, the data show.
--Editor: Beth Thomas
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