DoubleDragon Corp. is looking to raise P10 billion though a bond sale.
The realtor said it has secured a PRS Aaa for the planned bond sale from credit rating agency Philippine Rating Services Corp.(PhilRatings), making it one of the few companies in the country with the highest credit rating.
“DoubleDragon happens to be one of the very few companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 that is portable and exportable to other continents globally,” DoubleDragon said.
“The export of Hotel101 is expected to eventually become one of the major dollar inflow generator to the Philippine economy,” it added.
DoubleDragon closed 2023 with profit of P15.93 billion, up 23.25 percent. Revenues hit P24.74 billion.
