Kaisa Group Holdings Ltd has pressed ahead with a plan to restructure its offshore bonds by offering incentives to creditors almost two months after rejecting a rival proposal from a US hedge fund.

The developer will pay bondholders and lenders a consent fee equivalent to 1 percent of holdings if they support the plan by Jan 24, according to a filing to the Hong Kong Stock Exchange.

The incentive drops to 0.5 percent for signup between Jan 25 and Feb 7.