With a base size of P5 billion and an oversubscription option of P5 billion, this issuance marks the company’s only peso retail bond offering for the year.
The bonds, which come with a 7-year tenor, offer investors a unique opportunity to lock in competitive returns backed by DoubleDragon’s strong AAA credit rating from PhilRatings.
The retail bond offering will be DoubleDragon’s major peso retail bond issuance this year. Another series of bonds could be launched in 2026.
Other deals in the pipeline
DoubleDragon is in the midst of rapid expansion as it builds up its domestic land portfolio while growing its Hotel101 footprint overseas.
Alongside this, the company is preparing two major equity capital raises: the anticipated US listing of Hotel101 Global and the real estate investment trust listing of CentralHub.
In a text message to InsiderPH, Sia said the the Hotel101 Global listing remains “on track to happen very soon”, adding the company is preparing an update on this planned deal.
Hotel101 Global earlier planned to list toward the end of 2024 while the CentralHub initial public offering is being eyed for late 2025.
