DoubleDragon Corp. expects an anticipated interest rate cut by the Bangko Sentral ng Pilipinas later this week to bolster market reception for its P10.9 billion retail bond scheduled in September.
The so-called “DD Double-Seven Retail Bonds, named after its 7.7 percent fixed interest rate, has already received a PRS Aaa rating—the highest possible—from Philippine Rating Services Corp. (PhilRatings), underscoring its strong ability to repay its debts and solid fundamentals.
The retail bonds will offer tenors of 3.5 and 5.5 years. The issuance next month is expected to be the only bond offering during that window, giving it market exclusivity.
DoubleDragon’s net debt-to-equity ratio stands at 0.87x, among the lowest of Philippine-listed firms. The company’s total equity now exceeds P100 billion, placing it in an elite group of firms with 12-digit equity levels.
Aside from its well-diversified property portfolio across Luzon, Visayas, Mindanao, and overseas, DoubleDragon is also pushing global expansion through its asset-light, export-ready Hotel101 (HBnB) concept, expected to become a major US dollar inflow source for the Philippine economy.
The board approved the bond issuance on August 11, drawing from its 2024 shelf registration approved by the Securities and Exchange Commission.
Proceeds will strengthen DoubleDragon’s balance sheet, support growth, and advance its goal of becoming a Tier-1 mature company in 2025.
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