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)
Jan 16, 2025
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Corporation
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, PhilippinesPostal Code1302
8. Issuer's telephone number, including area code
+63288567111
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
2,345,028,600
Preferred
100,000,000
Total Debt (In Millions of Pesos)
63,261.82
11. Indicate the item numbers reported herein
Item 9
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 CorporationDD
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
DoubleDragon to issue Peso Retail Bonds of up to Php10 Billion (5B base + 5B oversubscription) in the First Quarter of 2025
This DD New Year TRIPLE-7 Retail Bond Offering is set to be the ONE AND ONLY Peso Retail Bond offering of DoubleDragon for the entire year of 2025
The DD New Year TRIPLE-7 Retail Bond Offering carries the number 7 in triplet, as in 777, which is believed by many to signify the multiplication of Good Luck
Background/Description of the Disclosure
Today, January 16, 2025, the Board of Directors of DoubleDragon Corporation has approved the Retail Bond issuance of up to Php10 Billion (5B base + 5B oversubscription). The Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aaa to this tranche of DoubleDragon Corporation’s (DoubleDragon) proposed bond issue of up to Php10 Billion.
PhilRatings likewise assigned an Issuer Credit Rating of PRS Aaa (Triple A) to DoubleDragon Corporation. DoubleDragon is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings.
This Retail Bond Offering is set to be the one and only Peso Retail Bond offering of DoubleDragon for the entire year of 2025.
This Retail Bond Offering will become the second tranche from its Bond Program set and approved by the SEC via shelf registration in 2024 and the final third tranche is planned for issuance by next year 2026 yet.
The DD New Year TRIPLE-7 Retail Bond Offering carries the number 7 in triplet, as in 777, which is believed by many to signify the multiplication of Good Luck.
The pipeline capital-raising issuances at this stage of DoubleDragon’s growth is intended to further increase its cash position and further strengthen its Balance Sheet -- all in line with the DoubleDragon’s goal to become a Tier-1 mature company by this year 2025.
DoubleDragon's Total Equity is set to exceed Php100 Billion for the first time in 2024. The Company is positioned to become one of the few companies in the Philippines with Total Equity at 12 digit level. DoubleDragon happens to be one of the very few companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is portable and exportable to other continents globally.
The export of Hotel101 is expected to eventually become one of the major US Dollar inflow generators to the Philippine economy.
DoubleDragon's string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao and Overseas serves as its strong underlying solid foundation.
On top of its string of diversified hard assets portfolio in the Philippines, DoubleDragon happens to be one of the few companies in the Philippines that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents.
The upcoming Hotel101 Global listing in the US to further strengthen DoubleDragon's balance sheet. The two major equity capital raises in the pipeline are expected to significantly boost DoubleDragon's balance sheet and enhance its equity base through the expected US listing of Hotel101 Global and REIT IPO of CentralHub.
DoubleDragon’s net Debt-to-Equity ratio stands at 0.72x (one of the lowest D/E ratios among Philippine-listed companies). DD’s Total Equity is on track to exceed Php100 Billion for the first time in 2024. DoubleDragon Corporation is chaired and co-chaired by two Filipino entrepreneurs -- Mang Inasal Founder, Edgar “Injap” Sia II and Jollibee Founder, Tony Tan Caktiong.
Other Relevant Information
This Retail Bond Offering expected in Q1 2025 will become the second tranche from its Bond Program set and approved by the SEC via shelf registration in 2024 and the final third tranche is planned for issuance by next year 2026 yet
This upcoming 2025 DD Retail Bond Offering is intended to be offered in Q1 2025 this year which could become one of the very first longterm Peso Retail Bond offering available in the Philippines at the start of year 2025 at an expected attractive rate of 7.77% p.a. (DD New Year TRIPLE-7 Retail Bonds) and possibly the very last chance that the public can lock in their funds at 7.77% p.a. rate for intended longterm 7-year tenor issued by a Triple A Credit Rated listed company with a diversified hard asset portfolio spread out in the Philippines and overseas
Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aaa to DoubleDragon Corporation’s (DoubleDragon) proposed bond issue of up to Php10 Billion, the highest rating tier by PhilRatings
PhilRatings likewise assigned an Issuer Credit Rating of PRS Aaa (Triple A) to DoubleDragon
DoubleDragon Corporation is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings
DoubleDragon CorporationDD