Real estate developer Mirvac Group (ASX: MGR) is getting fresh funding through the bond market.

The property trust group issued and priced a new $200m six-year fixed medium-term note (MTN) into the domestic bond market. The original deal of $150 million was launched in Tuesday but strong demand has resulted in a larger offer of 250 basis points.

This week's transaction with the bond market is the second this year for Mirvac. In March, the residential group offered a five-year transaction which is priced at a margin of 265 basis points.

Mirvac's managing director Nick Collishaw said, “Mirvac's debt strategy is to diversify its sources of funding and extend its debt maturity profile, which this latest medium-term note achieves.”

“We welcome a number of new participants,” the director added.

In its 2010 annual report, Mirvac disclosed a statutory profit after tax of $234.7 million and a net loss of $1,078.1 million. The operating profit or profit before specific non-cash and significant items stood at $275.3 million.

In the same report, Mirvac announced its continued support for the Group’s core divisions of investment and development. The support would be evident through the establishment of investment partnerships with wholesale institutional investors.

Mirvac securities is trading at $1.35.