Philstar
DoubleDragon peso bond offering oversubscribed
DoubleDragon Corporation's P10.9-billion Double-Seven 7.7% Peso Retail Bond Offering closed on September 15, 2025, after oversubscribing.
The oversubscription option was activated on the second day of the offer period when subscriptions exceeded 80% of the total base and maximum oversubscription amount as of September 12, 2025.
The offer period ran from September 11 to September 15, with listing on the Philippine Dealing & Exchange Corp. scheduled for September 19.
The bonds carry a fixed annual interest rate of 7.7%, payable quarterly, with tenors of 3.5 and 5.5 years, and a minimum placement of P50,000.
Philippine Rating Services Corp. (PhilRatings) assigned the issuance its highest grade of PRS Aaa, indicating a very strong capacity to meet financial commitments.
The fundraising is part of DoubleDragon's bond program cleared by the Securities and Exchange Commission and aims to improve its cash position and strengthen its balance sheet.
The company noted the 7.7% interest rate symbolizes the number seven, considered lucky and resembling an auspicious Dragon.
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