C04267-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,229,730,000 | |
Preferred | 100,000,000 |
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Subject of the Disclosure |
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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. |
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 |
Name | Joselito Barrera Jr. |
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Designation | Head |