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DoubleDragon bullish on upcoming P10.9-B bond sale
The Philippine Star
|August 27, 2025
DoubleDragon Corp. is bullish on its upcoming P10.9 billion bond issuance after securing the highest rating tier from the Philippine Rating Services Corp.
PhilRatings has assigned an issue credit rating of PRS Aaa (Triple A) to DoubleDragon's planned retail bond issuance next month.
"This proposed DoubleDragon double-seven retail bond issuance is expected to be boosted by the expected upcoming BSP interest rate reduction this week," the listed property developer chaired by tycoons Edgar "Injap" Sia II and Tony Tan Caktiong said.
The company's "double-seven" peso retail bonds will carry a 7.7-percent fixed interest rate with tenors of 3.5 years and 5.5 years.
This story is from the August 27, 2025 edition of The Philippine Star.
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