Its 7.77 percent fixed-rate bond offering saw overwhelming demand, pushing subscriptions beyond the P5 billion base to P9.1 billion upon its listing on the Philippine Dealing & Exchange Corp. (PDEx) on Feb. 21.
Proceeds from the retail bond offer will fund the company’s general corporate requirements, particularly to boost working capital.
Unicapital, Inc., which served as joint issue manager, joint lead underwriter, and bookrunner, announced the successful issuance on its Facebook page.
The strong uptake also highlights investor confidence in DoubleDragon’s growth. This issuance is the second tranche under its P30 billion debt securities program approved in November 2024.
