{"id":330532,"date":"2024-11-21T11:05:22","date_gmt":"2024-11-21T03:05:22","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330532"},"modified":"2024-11-21T11:05:25","modified_gmt":"2024-11-21T03:05:25","slug":"trade-the-news-dd-ends-p10-billion-bond-offer-early","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-dd-ends-p10-billion-bond-offer-early\/","title":{"rendered":"Trade the News: DD ends P10-billion bond offer early"},"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>Unrated<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>Unrated<\/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) said it ended the offer period for its P10-billion fixed-rate peso retail bond issuance two days earlier than planned due to high investor demand.<\/p>\n\n\n\n<p>The bond issuance was \u201cmore than fully subscribed\u201d as of Nov. 18, earlier than the original end of the offer period on Nov. 20, DD said in a statement to the stock exchange on Tuesday.<\/p>\n\n\n\n<p>\u201cWe are deeply grateful for the trust and confidence of the investing public as manifested in this retail bond offering. This will further inspire our whole team to continue the grit and hard work that we believe is essential to enable DD to reach greater heights and become more and more relevant and durable as years go forward,\u201d DD Chairman Edgar \u201cInjap\u201d J. Sia II said.<\/p>\n\n\n\n<p>\u201cWe are very glad about the early oversubscription outcome of this DD otso-buenas peso retail bond offering, enabling DD to capture an even wider stakeholder base into DD\u2019s ecosystem,\u201d he added.<\/p>\n\n\n\n<p>DD\u2019s bond issuance was priced at 8% per annum and has a tenor of 5.5 years.<\/p>\n\n\n\n<p>The offer had a base amount of P5 billion and an oversubscription option of up to P5 billion.<\/p>\n\n\n\n<p>The issuance will be listed on the Philippine Dealing &amp; Exchange Corp. on Nov. 27.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.bworldonline.com\/corporate\/2024\/11\/20\/636061\/doubledragon-ends-p10-b-bond-offer-early\/\">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-330532","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\/330532","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=330532"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330532\/revisions"}],"predecessor-version":[{"id":330534,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330532\/revisions\/330534"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}