PROPERTY developer DoubleDragon Properties Corp. said on Thursday it has set a coupon rate of 6.0952 percent per year for its seven-year peso-denominated fixed retail bonds. The retail bond issue will have a base size of P6.5 billion and an oversubscription allotment of P3.2 billion. DoubleDragon’s bond issuance is the second tranche to be offered from the P15 billion under shelf registration which was approved by the SEC last year. The company has tapped BDO Capital & Investment Corp., RCBC Capital Corp., Maybank ATR Kim Eng Capital Partners, Inc., and BPI Capital Corp. as its joint lead underwriters for the said issuance. Last year, DoubleDragon issued the first tranche of the bond program amounting to P5.3 billion due 2024.

Source: Manila Times July 06, 2017 17:26 UTC