DoubleDragon to launch P10.9-B retail bonds at 7.7% in September 2025

DoubleDragon Corp., the property giant backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is gearing up to raise P10.9 billion through its “Double-Seven Peso Retail Bonds.”

The issuance is set for a September launch with a 7.7 percent fixed interest rate and tenors of 3.5 and 5.5 years.

The issuance, drawn from the unutilized portion of its 2024 shelf-registered bond program approved by the Securities and Exchange Commission (SEC), will make DoubleDragon the sole bond issuer next month. 

The company holds a PRS Aaa (Triple A) issuer credit rating from PhilRatings, placing it among the country’s most highly rated firms. It has amassed P102 billion in total equity and maintains a low net debt-to-equity ratio. 

DoubleDragon’s growth strategy is backed by a diversified portfolio of investment properties across Luzon, Visayas, Mindanao, and overseas markets, and the international rollout of Hotel101, an asset-light hospitality brand. 

—Edited by Miguel R. Camus