DoubleDragon’s bond issuance is the second one tranche to be supplied from the P15 billion underneath shelf registration which become accepted by the SEC final year.
“The coupon charge was set at the bottom-cease because of robust demand for the retail bonds,” the company stated in a disclosure to the Philippine Stock Exchange.
The business enterprise has tapped BDO Capital & Investment Corp., RCBC Capital Corp., Maybank ATR Kim Eng Capital Partners, Inc., and BPI Capital Corp. As its joint lead underwriters for the said issuance.
Last yr, DoubleDragon issued the first tranche of the bond software amounting to P5.Three billion due 2024. It turned into rated with an trouble credit rating of PRS Aa by way of the Philippine Rating Services Corp. (PhilRatings).
Obligations rated PRS Aa are of high exceptional and are situation to very low credit score chance because the business enterprise’s potential to satisfy its economic commitment at the duty is extraordinarily sturdy.
PRS Aa is the second one highest rating class on PhilRatings’ present credit score rating scale.
For the second one tranche, PhilRatings stated it has assigned a high quality outlook score, which means the corporation has the capability for the present credit score to be upgraded inside the next 12 months.
DoubleDragon stated it's far gearing as much as turn out to be one of the maximum relevant corporations within the Philippines.
“[We aim] to accumulate a total of one million square meters of top leasable area by means of 2020, which is predicted to provide the company with strong recurring revenues backed by a string of appreciating difficult assets placed in commercial regions across Luzon, Visayas and Mindanao,” it stated.
“The coupon charge was set at the bottom-cease because of robust demand for the retail bonds,” the company stated in a disclosure to the Philippine Stock Exchange.
The business enterprise has tapped BDO Capital & Investment Corp., RCBC Capital Corp., Maybank ATR Kim Eng Capital Partners, Inc., and BPI Capital Corp. As its joint lead underwriters for the said issuance.
Last yr, DoubleDragon issued the first tranche of the bond software amounting to P5.Three billion due 2024. It turned into rated with an trouble credit rating of PRS Aa by way of the Philippine Rating Services Corp. (PhilRatings).
Obligations rated PRS Aa are of high exceptional and are situation to very low credit score chance because the business enterprise’s potential to satisfy its economic commitment at the duty is extraordinarily sturdy.
PRS Aa is the second one highest rating class on PhilRatings’ present credit score rating scale.
For the second one tranche, PhilRatings stated it has assigned a high quality outlook score, which means the corporation has the capability for the present credit score to be upgraded inside the next 12 months.
DoubleDragon stated it's far gearing as much as turn out to be one of the maximum relevant corporations within the Philippines.
“[We aim] to accumulate a total of one million square meters of top leasable area by means of 2020, which is predicted to provide the company with strong recurring revenues backed by a string of appreciating difficult assets placed in commercial regions across Luzon, Visayas and Mindanao,” it stated.
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