travel insurance protection insured trip abroad security

Author Topic: DoubleDragon Hikes Retail Bonds to Php5.3B  (Read 328 times)

MIKELIGALIG.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 22004
  • NEED A WEBSITE? 09206301130 | info@mikeligalig.com
    • Share Post
DoubleDragon Hikes Retail Bonds to Php5.3B
« on: December 09, 2016, 04:56:26 PM »
DoubleDragon Hikes Retail Bonds to Php5.3B
By Leslie D. Venzon

MANILA, Dec. 9 (PNA) -- Real estate developer DoubleDragon Properties Corp. has increased its retail bond issue to Php5.3 billion from the initial Php5 billion to meet strong demand.

DoubleDragon told the local bourse it would issue 10-year fixed rate retail bonds at 5.9721 percent per annum due 2026.

The company saw strong demand for the offer especially among retail investors, banks, pension funds, insurance companies and retirement funds.

The offer period, which started on Nov. 29, 2016, officially ended on Dec. 7, 2016. The retail bonds will be issued on Dec. 15, 2016.

The 10-year fixed rate retail bonds recently offered marked the first tranche to be issued from DoubleDragon’s Php15-billion bond shelf registration with the Securities and Exchange Commission (SEC).

The property developer intends to utilize the Php15 billion to fund core projects in the pipeline in relation to its goal of 1,000,000 square meters leasable space by 2020 and profit target of Php4.8 billion by 2020.

Philippine Rating Services Corp. (PhilRatings) assigned an Issue Credit Rating of PRS Aa to the said bond issuance.

Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong. (PNA)

Linkback: http://tubagbohol.mikeligalig.com/index.php?topic=83524.0
Romans 10:9-10
"If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

My Facebook Profile: https://www.facebook.com/michaelortegaligalig
RSS Feeds Tubag Bohol Feed Burner



Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

 

Latest Topics

SEASON'S GREETINGS by islander
[Yesterday at 10:35:58 PM]


USAID feasibility study (FS) on Bohol Water and Sanitation Project (BWSP) by MIKELIGALIG.com
[Yesterday at 04:27:35 AM]


Vivere Hotel by MIKELIGALIG.com
[December 16, 2017, 08:14:58 PM]


Dish solar concentrator at the Australian National University in Canberra by MIKELIGALIG.com
[December 16, 2017, 07:25:57 PM]


Greenpeace Activist by MIKELIGALIG.com
[December 16, 2017, 06:02:31 PM]


Thai workers check palms at a bio-diesel production factory by MIKELIGALIG.com
[December 16, 2017, 05:59:55 PM]


Windmill Company in Germany by MIKELIGALIG.com
[December 16, 2017, 05:57:31 PM]


Rohingya Muslim woman by MIKELIGALIG.com
[December 16, 2017, 05:53:39 PM]


Goodbye, Summer by MIKELIGALIG.com
[December 16, 2017, 03:21:34 PM]


Southern Tailors Fabric Imaging Launches "Markets We Serve" by MIKELIGALIG.com
[December 16, 2017, 10:23:52 AM]

SMF spam blocked by CleanTalk
ESET Antivirus and Internet Security for Mac computers and laptops - Save 25%
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2017, SimplePortal