The bonds, priced at a 7.7 percent annual coupon, cover 3.5-year and 5.5-year tenors with an issue size of up to P10.9 billion.
DoubleDragon, founded by tycoon Edgar “Tony” Sia II and Jollibee’s Tony Tan Caktiong, has built its portfolio around retail, hospitality, industrial, and office developments, with flagship projects like CityMall and Hotel101.
Philippine Ratings earlier assigned the offer its highest grade, PRS Aaa, underscoring confidence in DoubleDragon’s credit standing.
Investors can place a minimum of P50,000, with listing on the Philippine Dealing and Exchange Corp. set for Sept. 19.
RCBC Capital and Unicapital are lead underwriters, while Landbank of the Philippines and EastWest Bank will serve as selling agents.
—Edited by Miguel R. Camus
