PhilRatings grants top mark to DoubleDragon’s ?10.9-B bond offer

Business | Finance Posted on 2025-08-26 23:36:50

MANILA – Philippine Rating Services Corp. (PhilRatings) has awarded DoubleDragon Corp.’s planned bond issuance of up to ₱10.9 billion the highest credit rating of RPS Aaa.

The company disclosed the development to the Philippine Stock Exchange (PSE) on Tuesday, noting that the retail bonds are targeted for issuance by September 2025. The bonds will carry a fixed interest rate of 7.7 percent with tenors of 3.5 years and 5.5 years.

“DoubleDragon expects this proposed Retail Bond Issuance… to demonstrate a positively robust capital market in the Philippines,” the disclosure said.

The company added that its “DD double-seven retail bond issuance” is also expected to benefit from the anticipated interest rate cut by the Bangko Sentral ng Pilipinas (BSP) during its policy meeting on Aug. 28.

DoubleDragon, an investment management company listed on the PSE, said the proceeds will further strengthen its financial position as it expands its projects across key growth sectors.

— NPO News Team | PNA-PR

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