DoubleDragon Corp., the property venture of tycoons Edgar "Injap" Sia II and Tony Tan Caktiong, has announced plans to issue a P30 billion retail bonds program in multiple tranches from 2024 to 2026.
The move follows the successful launch of its "Otso-Otso" Retail Bonds in the third quarter of 2024, which attracted strong interest from retail investors.
The new bonds, dubbed "Dragon Year-End Bonds," are expected to offer interest rates of around eight percent per annum for 2024, seven percent for 2025, and six percent for 2026.
The proceeds from the bond program will be used to enhance DoubleDragon's financial resources and increase its cash reserves.
The company's strong growth trajectory, driven by its asset-light model and diverse property portfolio, has positioned it as a leading player in the Philippine real-estate market.