{"id":329865,"date":"2024-10-13T23:43:59","date_gmt":"2024-10-13T15:43:59","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329865"},"modified":"2024-10-13T23:44:01","modified_gmt":"2024-10-13T15:44:01","slug":"trade-the-news-dd-prepares-p30-billion-bond-issuance","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-dd-prepares-p30-billion-bond-issuance\/","title":{"rendered":"Trade the News: DD prepares P30-billion bond issuance"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>DoubleDragon Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>DD<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Hold<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 10.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>DoubleDragon Corp. (DD) will establish a P30-billion multi-year shelf registration for retail bond issuance to boost its financial position.<\/p>\n\n\n\n<p>DD\u2019s board approved the offer on Oct. 8, intending to issue it in three or more tranches in 2024, 2025, and 2026 with a tenor of five to seven years, the company told the stock exchange on Wednesday.<\/p>\n\n\n\n<p>\u201cThe pipeline capital-raising issuances at this stage of DD\u2019s growth are intended to further boost its financial position by increasing its cash position,\u201d the property developer said.<\/p>\n\n\n\n<p>DD will offer an initial P5-billion retail bond issuance in the fourth quarter at a price of 8% per annum (p.a.).<\/p>\n\n\n\n<p>The planned bond issuances for 2025 and 2026 will be priced at around 7% p.a. and 6% p.a., respectively.<\/p>\n\n\n\n<p>DD said the initial P5-billion retail bond offering for the fourth quarter \u201ccould become one of the last, if not the last and only, long-term retail bond offerings available in the Philippines for this year at an expected attractive rate of 8% p.a.\u201d<\/p>\n\n\n\n<p>\u201cFor the past ten years since DD listed on the Philippine Stock Exchange in April 2014, the majority of the series of capital-raising issuances were deployed in building up its hard asset recurring revenue portfolio from zero to now 1.3 million square meters of completed gross floor area,\u201d DD said.<\/p>\n\n\n\n<p>\u201cFrom 2025 onwards, these portfolios built in the past ten years will already be fully completed and built up and are expected to start generating optimal revenues year on year, while requirements for further substantial capital expenditure will no longer be needed in the near term \u2013 all in line with DD\u2019s goal to become a Tier-1 mature company by next year,\u201d it added.<\/p>\n\n\n\n<p>In July, DD concluded a P10-billion retail bond offering that achieved full subscription five days ahead of schedule. It was the initial segment of DD\u2019s shelf-registered debt securities program.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.bworldonline.com\/corporate\/2024\/10\/10\/626955\/doubledragon-prepares-p30-billion-bond-issuance\/\">Business World<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329865","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329865"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329865\/revisions"}],"predecessor-version":[{"id":329867,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329865\/revisions\/329867"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}