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DoubleDragon Corporation Returns to PDEx with the Issuance of PHP 9.1 Billion Series F Fixed Rate Bonds

Posted:

March 5, 2025

21 February 2025, Makati, Philippines — DoubleDragon Corporation (DD) returns to the capital debt market for the issuance of its PHP 9.1 billion Series F Fixed Rate Bonds Due 2032.

PDEx President and CEO, Mr. Antonino Nakpil in his welcome remarks recognized DD’s first issuance of a “real bond” and its continuous expansion in the international markets.
“It is always great to see a Philippine company expand from domestic shores and onward to larger and wider markets and show off a different facet of Filipino character, that of a successful entrepreneur and his/her enterprise. Masayang-masaya kami, ika nga na makisuporta sa kumpanyang nagtatayo ng bandila ng Pilipinas sa mundo.”

Mr. Nakpil also noted DD’s active use of the public markets within its strategy to further increase its financial standing, a strategy which MSMEs can emulate – “The PDS Group remains committed to an advocacy to provide market access to all, big or small, and we will certainly use your experience in tapping both the equity and fixed income markets as an example to our target audience, the MSME owners.”

DoubleDragon Chairman and CEO, Mr. Edgar Injap Sia II announced in his message that DD expects 2025 to be the most significant year for the company since its joint venture with Co-Chair Tony Tan Caktiong – “DoubleDragon expects this 2025 as the most significant year in its history, since the DoubleDragon joint venture between myself and Tony Tan Caktiong came to life, 13 years ago in 2012. As of now, DoubleDragon Corporation is one of the few companies in the Philippines with footprint and significant investments all over Luzon, Visayas, and Mindanao…bringing lasting and impactful economic progress in the countryside.”

Mr. Sia further strengthens DD’s role to bring the Philippine’s positive mark to the world as it gears up for the US-NASDAQ Listing of its Hotel-101 subsidiary – “…we will work very hard to significantly uplift and elevate positively the Filipino and the Philippines as a country in the world stage. It’s about time a Filipino hospitality company is planted around the world and hopefully bring a pinch of pride in each and every one of the 110 million Filipinos.”

This third admission for 2025 brings the year-to-date total of new listings and enrollment to PHP 28.7 billion and the total level of tradable corporate debt instruments to PHP 1.2 trillion issued by forty-two companies, comprised of 163 securities.