DoubleDragon Corp. is raising up to P10.9 billion in fixed-rate bonds next month.
The offering is the third and final portion of its P30-billion bond shelf registration program, which was approved by the Securities and Exchange Commission in 2024.
Dubbed the “DD Double-Seven Peso Retail Bonds,” the offering is scheduled for September 2025 and will have a 7.7-percent fixed interest rate. The bonds will have tenors of 3.5 and 5.5 years.
DoubleDragon said the bond issuance was moved up to take advantage of a favorable market window.
“This retail bond tranche was decided to be issued earlier to capitalize on the September 2025 issuance window, during which the DD Double-Seven Peso Retail Bond will be the only bond offering in the market,” the company said.
DoubleDragon in February raised P9.1 billion from a fixed-rate peso bond issuance. The bonds, which carried an interest rate of 7.77 percent, were marketed as the company’s “one and only” peso retail bond offering of 2025.
Meanwhile, the Philippine Rating Services Corp. assigned DoubleDragon a PRS Aaa (Triple A) issuer credit rating. The PRS Aaa is the highest rating tier from PhilRatings, signifying strong creditworthiness.
Founded by Edgar Sia II (Mang Inasal) and Tony Tan Caktiong (Jollibee), DoubleDragon has built a diversified portfolio of investment properties across the Philippines and overseas.
The company also developed Hotel101, a unique asset-light hotel concept designed to be scalable and exportable. The brand is expected to contribute to foreign exchange inflows as it expands globally.
As of July, the company had 1.5 million gross floor area of completed recurring revenue hard asset portfolio across hotels, warehouses, office leasing and commercial centers.
Its hospitality unit, Hotel101 Global, is aggressively expanding its portfolio overseas and plans to be in 25 countries in the next three years.
