Virgin Australia Holdings Ltd said on Friday it had completed the bookbuild for its domestic notes offer, and had raised the issue size to A$325 million (US$223.99 million) from A$150 million, citing strong support from investors.

The offer, along with a US$425 million offering last week, are to fund the airline's buy back of 35% of its Velocity frequent flyer program from private-equity group Affinity Equity Partners, for A$700 million.

The Australian dollar offer is scheduled to open on Nov. 5, Virgin said in a statement. It set the interest rate for the notes at 8% per annum.