Tag Archives: DoubleDragon

The retail row

(Photo from: business.inquirer.net)

(Source: Inquirer.net | December 9, 2017) Sprawling malls and commercial complexes have long become an integral part of the Philippine culture. For many Filipino families and friends, a mall becomes a point of convergence, where friendships are nurtured, ties are strengthened among kin, milestones are aptly celebrated, and where many “firsts” often happen, be it a first date, a first ...

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Transforming a business model, the DoubleDragon way

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(Source: Business Inquirer | December 4, 2017) Less than two months ago, DoubleDragon Properties Corp. opened the 23rd community shopping mall under its increasingly popular “CityMall” brand in Danao City in Cebu. Like most of the 22 other CityMall openings around the country, the event was a big one for the host communities of the growing retail chain owned jointly ...

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DoubleDragon building Mindanao’s biggest hotel

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(Philippine Daily Inquirer | August 22, 2017) A unit of property developer DoubleDragon Properties Corp. is set to build what is touted to be Mindanao’s biggest hotel, a 519-room Hotel 101 with shopping and convention facilities in Davao City. In a disclosure to the Philippine Stock Exchange on Tuesday, DoubleDragon that Hotel 101-Davao City would break ground in the last ...

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DoubleDragon sells P9.7-b retail bonds

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(Source: The Standard | July 18, 2017) DoubleDragon Properties Corp. raised P9.7 billion from the sale of seven-year fixed-rate retail bonds on strong demand from retail and institutional investors, according to one of the underwriters handling the transaction. BDO Capital and Investments Corp. president Eduardo Francisco said in a mobile message, the bond offering was nearly two-times oversubscribed at the ...

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Double Dragon eyes to raise P6.5B from 2nd tranche of retail bond issuance

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(Source: Interaksyon.com | 25 May 2017) Property developer Double Dragon targets to raise at least P6.5 billion from the issuance of the second tranche of its fixed rate retail bonds. In a disclosure with the Philippine Stock Exchange (PSE) Thursday, the listed firm said the issuance, which has an oversubscription size of P3.2 billion, is part of the P15 billion ...

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DoubleDragon to raise P9.7 B from sale of bonds

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(Philippine Star | 10 April 2017) DoubleDragon Properties Corp., the listed property and mall developer of Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp. chairman Tony Tan Caktiong, is going back to the debt market this year with a plan to raise P9.7 billion from the sale of retail bonds. DoubleDragon chief investment officer Hannah Yulo said ...

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Sia bullish as CityMalls continues provincial push

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(Source: Business World |01 February 2017) Listed DoubleDragon Properties Corp. is aiming to have at least 30 operational CityMalls by the end of 2017, putting it on track to reaching its goal of 100 community malls around the country by 2020. “This year, we expect to have a total of 50 built-up CityMalls and at least 30 of which will be ...

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SEC gives DoubleDragon P15-B retail bonds the green light

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(Source: GMA News | 25 November 2016) The Securities and Exchange Commission (SEC) has approved the application of DoubleDragon Properties Corp. to raise P15 billion via 10-year retail bonds. In a disclosure to the Philippine Stock Exchange on Friday, DoubleDragon said the SEC approved on November 24 its application for registration covering the bond sale. The company noted earlier the ...

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DoubleDragon to raise P15B from retail bonds

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(Source: The Manila Times | 24 September 2016) Listed property developer DoubleDragon Properties Corp. said it will issue P15 billion in retail bonds to fund the development of its projects for next year. In a disclosure to the Philippine Stock Exchange on Thursday, DoubleDragon said its board of directors has approved the offering and issuance of 10-year, fixed-rate retail bonds due ...

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DoubleDragon plans to raise P10B retail bonds

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(Source: Manila Bulletin | 21 July 2016) DoubleDragon Properties Corporation is planning to raise another P10 billion from the local financial market, this time from the issuance of long-term retail bonds, to finance its construction of 1 million square meters of community malls. In an interview after the firm’s annual stockholders’ meeting, DoubleDragon chairman Edgar Sia said they remain confident ...

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