DoubleDragon Corporation’s Board of Directors has approved the issuance of up to Php10.9 billion in Double-Seven Peso Retail Bonds. The bonds, with a fixed interest rate of 7.7%, will have tenors of 3.5 and 5.5 years and are scheduled for issuance in September 2025. This issuance is part of the company’s existing bond program, which was approved by the SEC via shelf registration in 2024.
The company decided to issue the bonds earlier to take advantage of a unique market window in September, when the Double-Seven Peso Retail Bonds will be the only bond offering available.
Strengthening Financial Position and Growth
This capital initiative is a key part of DoubleDragon’s strategy to increase its cash position and strengthen its balance sheet, aligning with the company’s goal of becoming a Tier-1 mature company by the end of 2025.
The Philippine Rating Services Corporation (PhilRatings) has assigned DoubleDragon Corporation an Issuer Credit Rating of PRS Aaa (Triple A), the highest possible rating. This rating reflects the company’s strong financial standing and solid foundation. DoubleDragon is one of the few companies in the Philippines to achieve this distinction.
Robust Financials and Unique Business Model
DoubleDragon’s total equity has now surpassed Php100 billion, making it one of the few companies in the Philippines to reach this milestone. The company’s net debt-to-equity ratio is currently at a low 0.87x, one of the lowest among all Philippine-listed companies.
The company’s success is built on a strong foundation of diverse, hard-asset properties located in prime locations across Luzon, Visayas, and Mindanao. In addition to this, DoubleDragon has organically developed an innovative, asset-light business model through its Hotel101 brand. This unique concept is highly portable and is being exported to other countries to become a significant generator of US dollar inflow for the Philippine economy.
DoubleDragon Corporation is led by two prominent Filipino entrepreneurs: Edgar “Injap” Sia II, founder of Mang Inasal, and Tony Tan Caktiong, founder of Jollibee.
