DoubleDragon Corp., a prominent property developer, has secured approval for a P10 billion retail bond offering, marking a major step in its capital-raising strategy. The bond will be split into a P5 billion base offer and an additional P5 billion in oversubscription, and is set to launch in Q1 2025 under the “Triple Seven” label. Offering an attractive 7.77 percent annual yield over a seven-year term, the bond aims to attract long-term investors, especially given DoubleDragon’s strong financial position and Triple-A credit rating.
The funds raised will strengthen DoubleDragon’s cash reserves and balance sheet, propelling the company closer to its goal of becoming a tier-1, mature corporation by 2025. The capital will also support the international expansion of its Hotel101 brand, a key driver for future growth. With its equity set to surpass P100 billion in 2024, DoubleDragon is poised for significant domestic and international expansion, which includes the upcoming US listing of Hotel101 Global and an IPO for its real estate investment trust (REIT), CentralHub.
