Tycoon Edgar “Injap” Sia II and Tony Tan Caktiong’s DoubleDragon Corp. approved the sale of retail bonds worth up to P10 billion.
This comes ahead of the planned listing of its international subsidiary, Hotel101 Global, in the Nasdaq US exchange.
In a stock exchange filing on Monday, DoubleDragon said the Philippine Rating Services Corp. (PhilRatings) assigned an issue credit Rating of PRS Aaa to this proposed bond issuance.
This rating places DoubleDragon among the few companies in the Philippines with the highest credit rating tier.
