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Manila Bulletin devider Business devider The Stock Market devider DoubleDragon defies expected BSP rate cut, offers ₱11-billion bonds at fixed 7.7%

DoubleDragon defies expected BSP rate cut, offers ₱11-billion bonds at fixed 7.7%

Published Aug 12, 2025 03:25 pm
While the Bangko Sentral ng Pilipinas is widely expected to cut interest rates this month, property developer DoubleDragon Corp. has opted to offer ₱10.9 billion worth of Peso retail bonds at a fixed rate of 7.7 percent.
In a disclosure to the Philippine Stock Exchange, the firm said its board of directors has approved the issuance of the bonds in September 2025 with tenors of 3.5 years and 5.5 years.
These consist of the remaining available unissued bonds from its Bond Program set and approved by the Securities and Exchange Commission via shelf registration in 2024.
“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.
PhilRatings has assigned the highest Issuer Credit Rating of PRS Aaa to DoubleDragon in relation to its recent $70 million US-dollar bond offering.
“The pipeline capital initiatives 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,” the firm said.
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.
Its net Debt-to-Equity ratio stands at 0.87 times and its total equity now stands at ₱102 billion.
DoubleDragon Corp. is chaired and co-chaired by Filipino entrepreneurs — Edgar Sia II and Tony Tan Caktiong.

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DoubleDragon Corporation Edgar Sia II Tony Tan Caktiong
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