DoubleDragon's Year-End Retail Bonds Offering, 5.5 Year Tenors, 8% Interest Rate

This new DoubleDragon Year-End OTSO BUENAS Retail Bonds expected next month on November 2024, follows after DoubleDragon’s successful return to the Peso Retail Bonds market with the recent issuance of a total of P10 Billion DoubleDragon OTSO-OTSO Retail Bonds which was issued in the third quarter of 2024, which was highly oversubscribed with the Offer’s oversubscription amount fully exercised, with a significant take up from retail investors in Luzon, Visayas and Mindanao.

"We aim to end this 2024 Year of the Dragon with this OTSO BUENAS Retail Bonds Offering this coming November 2024 that we intend to make way to provide the opportunity for a wider retail investors around the country and enable us to accommodate more new stakeholders in DoubleDragon. Since the cycle of low interest rates has begun, this DD OTSO BUENAS retail bonds offering could be the very last time in many years at 8% per annum area. This offering also paves the way to accommodate the overflow of retail investors who was not able to participate in the recent DD OTSO-OTSO retail bonds. The wider the stakeholders of DoubleDragon, the more meaningful impact we create to our society,” said DoubleDragon Chairman Edgar Injap Sia II.

The pipeline capital-raising issuances at this stage of DoubleDragon’s growth is intended to further boost its financial position through further increasing its cash position. For the past ten (10) years since DoubleDragon listed in the Philippine Stock Exchange last April 2014, majority of the series of capital-raising issuances were all deployed in building up its hard asset recurring revenue portfolio from zero to now 1.3 million square meters of completed GFA (Gross Floor Area). But from 2025 onwards, these portfolio built in the past 10 years will already be all fully completed and fully built up and are expected to all start generating optimal revenues year on year, while requirements for further substantial capital expenditure will no longer be needed in the near term — all in line with the DoubleDragon’s goal to become a Tier-1 mature company by next year 2025.

DoubleDragon's Total Equity is set to exceed P100 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 generator 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.

The first three Hotel101 overseas projects are expected to generate inflows of US$471 Million (P27.2 Billion) in foreign currency revenues to DoubleDragon.

Out of the Hotel101 Global’s One (1) Million operating hotel rooms global target by 2050, 50,000 are intended to be in the Philippines, which is expected to further cement the position of DoubleDragon’s Hotel101 to become the largest hotel company in the Philippines and simultaneously become one of the Top 5 hotel companies in the world.

The asset-light Hotel101 unique and novel concept with one type of room all throughout its ecosystem at an average of about 500 rooms per site, allows DoubleDragon to generate revenue and income twice — first from the preselling of the Hotel101 units, then second, after the project is constructed, it generates recurring revenues from its hotel operations.