C04267-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 7, 2017
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Properties Corp.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines Postal Code 1302
8. Issuer's telephone number, including area code
+6328567111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 2,229,730,000
Preferred 100,000,000
11. Indicate the item numbers reported herein
-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DoubleDragon Properties Corp.DD

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

SEC Permit to Sell dated 6 July 2017 for the offering of DoubleDragon Properties Corp.’s (“DoubleDragon's” or “The Company's") 7 year peso-denominated Fixed Rate Retail Bonds due 2024 (“The Retail Bonds”) with a base size of Php 6.5 Billion and an option to issue an additional Php 3.2 Billion in oversubscription.

Background/Description of the Disclosure

Attached herewith is a copy of the Permit to Sell dated 6 July 2017 issued by the Securities and Exchange Commission for the offering of 7 year peso-denominated Fixed Rate Retail Bonds due 2024 with a base size of Php 6.5 Billion and an option to issue an additional Php 3.2 Billion in oversubscription. This forms the second tranche to be offered from DoubleDragon’s Php 15 Billion shelf-registered Retail Bonds approved by the SEC last year. Similar to the first tranche amounting to Php 5.3 Billion issued last December 15, 2016, the Philippine Rating Services Corporation (“PhilRatings”) assigned an Issue Credit Rating of PRS Aa.

The Bonds will be issued on 21 July 2017 with a coupon rate of 6.0952% per annum to paid quarterly, in arrears. The Company intends to list the Bonds in the Philippine Dealing & Exchange Corp. on the issue date, 21 July 2017.

The Offer Period shall commence on 7 July 2017 and will run through 13 July 2017.

The joint lead underwriters of the Retail Bonds are BDO Capital & Investment Corp., RCBC Capital Corporation, Maybank ATR Kim Eng Capital Partners, Inc., and BPI Capital Corporation.

Other Relevant Information

The Final Shelf Prospectus and the Offer Supplement will be made available for viewing at http://www.doubledragon.com.ph/page/investors

Filed on behalf by:
Name Joselito Barrera Jr.
Designation Head