DoubleDragon Corp. has officially received approval from the Securities and Exchange Commission for its 7-year peso retail bond offer that is expected to raise up to P10 billion for the listed property developer and hospitality firm.
The bond offer, the first for DoubleDragon this year, will open to retail investors from 3 to 14 February.
The Philippine Rating Services Corp. (PhilRatings) has awarded the offering a top-tier rating of PRS Aaa, reflecting DoubleDragon’s strong financial health and stability. The bond’s coupon rate is set at 7.77 percent a year, making it an attractive option for investors seeking stable returns in an uncertain economic environment.
The retail bond offering is part of DoubleDragon’s broader capital-raising efforts as the company aims to solidify its position as a leading player in the real estate and hospitality sectors. Proceeds from the offering will strengthen the company’s balance sheet and fuel its growth trajectory as it seeks to become a Tier-1 mature company by 2025.
DoubleDragon’s diversified portfolio of hard assets spans across Luzon, Visayas, and Mindanao, including its flagship Hotel101 brand, which is expected to be a key driver of foreign capital inflows. The company is also preparing for significant global expansions, with plans to list Hotel101 on U.S. markets and launch an initial public offer of real estate investment trust for its CentralHub assets.
The bond offering is structured with a minimum investment of P50,000 and will be listed on the Philippine Dealing Exchange on February 21. It is underwritten by LandBank, RCBC Capital Corp., and Unicapital, Inc.
