The issue will come from the company’s 2024 SEC-approved bond program and was timed to take advantage of a market window where it will be the only bond offering available.
The board approved the early launch to bolster DoubleDragon’s cash position and strengthen its balance sheet as it targets Tier-1 maturity this year.
The company holds a PRS Aaa (Triple A) credit rating from PhilRatings—the highest possible rating and one held by only a few Philippine firms.
DoubleDragon’s net debt-to-equity ratio is 0.87x, one of the lowest among local listed companies, with total equity now at P102 billion.
The group’s foundation includes a diversified portfolio of titled investment properties spread across Luzon, Visayas, Mindanao, and overseas.
It also owns Hotel101, a homegrown, asset-light hotel brand designed for easy replication in international markets. Management expects the export of Hotel101 to become a major source of US dollar inflows to the Philippine economy.
The upcoming retail bond is part of DoubleDragon’s broader capital strategy to reinforce its financial position while expanding both its hard assets and global hospitality footprint.
—Edited by Miguel R. Camus
