August 13, 2025 | 12:00am
MANILA, Philippines — DoubleDragon Corp., the property developer chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is elevating as a lot P10.9 billion by means of one other retail bond issuance this 12 months.
The corporate’s “Double-Seven” peso retail bonds, which is eyed for issuance in September, will carry 7.7 % mounted rate of interest with tenors of three.5 years and 5.5 years.
It would come from the DoubleDragon’s bond program accredited by the Securities and Alternate Fee by way of shelf registration in 2024.
“This retail bond tranche was determined to be issued earlier to capitalize on the September 2025 issuance window throughout which the DoubleDragon Double-Seven peso retail bond would be the solely bond providing available in the market,” the corporate stated.
The ultimate third tranche was beforehand deliberate for issuance by subsequent 12 months.
DoubleDragon stated the pipeline capital initiatives at this stage of its progress is meant to additional improve the corporate’s money place and additional strengthen its stability sheet.
The corporate raised P9.1 billion from a peso retail bond providing in February. The 7.77 % every year peso denominated mounted fee bonds due 2032 had been listed on the Philippine Dealing and Alternate Corp.
DoubleDragon additionally raised P10 billion from the primary tranche of the corporate’s multi-year P30-billion shelf registration retail bonds program in November final 12 months.
Earlier this 12 months, the corporate marked a brand new milestone by surpassing P100 billion in complete fairness.
DoubleDragon’s complete fairness reached P102.1 billion as of end-March, positioning the corporate as one of many few firms within the nation with complete fairness at 12-digit degree.
DoubleDragon stated it is usually one of many few firms within the Philippines with credit standing PRS Aaa (Triple A) from Philippine Score Providers Corp., the very best score tier by PhilRatings.