DoubleDragon Chairman Edgar 'Injap' Sia II said the company was happy to tap the retail bond market again after more than five years.In a filing, DoubleDragon said it received the order of registration and permit to sell the bonds last Friday.The 3.5-year bonds have a coupon rate of 8.008 percent per annum with a minimum investment size of P50,000.'We believe that the pricing of this at 8.
Sia urged investors to take advantage of the good coupon rate, saying that the 'global high interest cycle is starting to shift to downward interest rate cycle.'He also noted that DoubleDragon's balance sheet was 'nearing the blue-chip level,' with the company's total assets as of end-2023 up nearly 16 percent year on year to P181.24 billion.Total equity increased 15.88 percent year on year to P94.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DoubleDragon rates retail bond offering at an 'auspicious' 8.008%Commercial and residential real estate development firm DoubleDragon Corporation has priced its retail bond offering at 8.008% per annum.
Source: PhilstarNews - 🏆 1. / 94 Read more »