The Board of Directors of DoubleDragon Corporation has approved the Retail Bond issuance of up to P10 Billion (5B base + 5B oversubscription). The Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aaa to this tranche of DoubleDragon Corporation’s (DoubleDragon) proposed bond issue of up to P10 Billion. PhilRatings likewise assigned an Issuer Credit Rating of PRS Aaa (Triple A) to DoubleDragon Corporation. DoubleDragon is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings.
This Retail Bond Offering is set to be the one and only Peso Retail Bond offering of DoubleDragon for the entire year of 2025. This Retail Bond Offering will become the second tranche from its Bond Program set and approved by the SEC via shelf registration in 2024 and the final third tranche is planned for issuance by next year 2026 yet. The DD New Year TRIPLE-7 Retail Bond Offering carries the number 7 in triplet, as in 777, which is believed by many to signify the multiplication of Good Luck. The pipeline capital-raising issuances at this stage of DoubleDragon’s growth is intended to further increase its cash position and further strengthen its Balance Sheet -- all in line with the DoubleDragon’s goal to become a Tier-1 mature company by this year 2025. DoubleDragon's Total Equity is set to exceed Php100 Billion for the first time in 2024. The Company is positioned to become one of the few companies in the Philippines with Total Equity at 12 digit level. DoubleDragon happens to be one of the very few companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is portable and exportable to other continents globally. The export of Hotel101 is expected to eventually become one of the major US Dollar inflow generators to the Philippine economy. DoubleDragon's string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao and Overseas serves as its strong underlying solid foundation. On top of its string of diversified hard assets portfolio in the Philippines, DoubleDragon happens to be one of the few companies in the Philippines that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents. The upcoming Hotel101 Global listing in the US to further strengthen DoubleDragon's balance sheet. The two major equity capital raises in the pipeline are expected to significantly boost DoubleDragon's balance sheet and enhance its equity base through the expected US listing of Hotel101 Global and REIT IPO of CentralHub. DoubleDragon’s net Debt-to-Equity ratio stands at 0.72x (one of the lowest D/E ratios among Philippine-listed companies). DD’s Total Equity is on track to exceed Php100 Billion for the first time in 2024. This Retail Bond Offering expected in Q1 2025 will become the second tranche from its Bond Program set and approved by the SEC via shelf registration in 2024 and the final third tranche is planned for issuance by next year 2026 yet This upcoming 2025 DD Retail Bond Offering is intended to be offered in Q1 2025 this year which could become one of the very first longterm Peso Retail Bond offering available in the Philippines at the start of year 2025 at an expected attractive rate of 7.77% p.a. (DD New Year TRIPLE-7 Retail Bonds) and possibly the very last chance that the public can lock in their funds at 7.77% p.a. rate for intended longterm 7-year tenor issued by a Triple A Credit Rated listed company with a diversified hard asset portfolio spread out in the Philippines and overseas Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aaa to DoubleDragon Corporation’s (DoubleDragon) proposed bond issue of up to Php10 Billion, the highest rating tier by PhilRatings PhilRatings likewise assigned an Issuer Credit Rating of PRS Aaa (Triple A) to DoubleDragon. DoubleDragon Corporation is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings. DoubleDragon Corporation is chaired and co-chaired by two Filipino entrepreneurs — Mang Inasal Founder, Edgar “Injap” Sia II and Jollibee Founder, Tony Tan Caktiong.
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