The present invention relates to a polyester composition comprising: (A) 15 to 99 wt % of polyester blend of two or more polyesters based on the total weight of the polyester composition, (B) 0.05 to 5 wt % of a transesterification accelerator based on the total weight of the polyester composition, wherein the transesterification accelerator comprises alkali metal carbonate salt, alkali earth metal carbonate salt, alkali metal bicarbonate salt, alkali earth metal bicarbonate salt and combination thereof, (C) optionally a reinforcing filler, and (D) optionally further an additive. The present invention also relates to an article prepared from the polyester composition and a method of preparing the article.