DoubleDragon to offer P9.7-B retail bonds

To fund plans of building more community malls and other commercial assets, property developer DoubleDragon Properties Corp. is seeking to raise as much as P9.7 billion from a new offering of seven-year bonds to retail investors.

DoubleDragon has priced the coupon rate for the peso-denominated fixed retail bonds at a yield of 6.0952 percent per annum.

The firm will offer a total of P6.5 billion, but it has an option to issue an additional P3.2 billion in case of oversubscription.

The offer period for the retail bonds will run from July 7 to July 13, and is now awaiting a permit to sell securities from the Securities and Exchange Commission (SEC). The retail bonds would subsequen…

Keep on reading: DoubleDragon to offer P9.7-B retail bonds

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