DoubleDragon Properties Corp. set the coupon rate for its P9.7-billion seven-year fixed-rate retail bonds at 6.0952 percent annum. The offer period for the retail bonds will run from July 7 to July 13, subject to the receipt of the permit to sell from the Securities and Exchange Commission. The retail bonds are set to be issued and listed with the Philippine Dealing & Exchange Corp. on July 21. DoubleDragon president Edgar Sia II said proceeds from the fund raising would be used to roll out community malls under CityMalls brand. DoubleDragon aims to have 100 community malls under CityMalls and one million square meters of leasable space from community malls, office and hotels development by 2020.

Source: The Standard July 06, 2017 11:37 UTC