Why? Because he pointed out that the property developer’s growth has now put it within striking distance of the coveted blue-chip status that, once achieved, will allow it to tap the wholesale bond market at lower interest rates.
At the same time, the DoubleDragon chief noted that the global high-interest rate cycle is shifting downward.
“I personally believe that 2024 could be the very last year in my entrepreneurial journey that the retail public can participate with a retail bond priced at 8.008% coupon rate given that, not only that DoubleDragon is nearing the bluechip level of balance sheet, but also the global high interest cycle is starting to shift to downward interest rate cycle,” he said in a statement Monday morning.
DoubleDragon's total equity is set to surpass P100 billion for the first time in 2024, positioning it among the elite companies in the Philippines.
The company has built a diversified hard asset portfolio across Luzon, Visayas, Mindanao, and overseas, alongside a unique asset-light business model in Hotel101. This model is both portable and exportable, with potential significant US dollar inflows to the Philippine economy.
DoubleDragon's consolidated net income grew 23.25% year-on-year to P15.93 billion for 2023, with revenues at P24.74 billion.
The company’s debt-to-equity ratio stands at a healthy 0.64 times, reflecting its robust financial health and strategic positioning for continued growth.
