The bonds, called “Otso Buenas”, will offer an 8 percent annual interest rate over 5.5 years, making it the final fixed-rate securities offering of this size in 2024. This offer is comprised of a P5 billion base amount and a P5 billion oversubscription option.
DoubleDragon chair Edgar “Injap” Sia II noted that this may be the last chance in many years to secure an 8 percent return.
The bonds aim to accommodate retail investors who missed out on previous offerings, further expanding the company’s stakeholder base.
PhilRatings has assigned a PRS Aaa rating with a stable outlook, indicating strong credit quality and low default risk.
