Double Dragon Corp. received the highest rating of RPS Aaa from Philippine Rating Services (PhilRatings) for its proposed bond issuance worth up to PHP10.9 billion. The company disclosed the rating in a filing with the Philippine Stock Exchange on Tuesday. The retail bonds, planned for release in September 2025, will carry a fixed interest rate of 7.7% with maturities of 3.5 and 5.5 years. Double Dragon anticipates strong investor interest, partly due to an expected interest rate cut by the Bangko Sentral ng Pilipinas during its August 28 policy meeting. The company views the issuance as a sign of a strong and growing Philippine capital market.
DOUBLE DRAGON’S PHP10.9B BOND ISSUANCE EARNS TRIPLE A RATING FROM PHILRATINGS
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