James Packer’s Crown Casino has raised $532 million through its subordinated notes offer.

The amount exceeded the $400 million Crown in August said it was seeking to raise.

Crown said it had issued 5.3 million notes at an issue price of $100 each.

The notes are expected to commence trading on a deferred-settlement basis on Monday.

Crown has been undertaking a range of capital expenditure projects at its Crown Melbourne and Burswood hotel and casino complexes.