DOUBLEDRAGON Corp. (DD) cut the offer period for a P10-billion retail bond offering on Monday, two days ahead of schedule, citing strong demand.
DOUBLEDRAGON Corp. cut the offer period for a P10-billion retail bond offering on Monday, two days ahead of schedule, citing strong demand.It was 'more than fully subscribed as of November 18,' the firm told the stock exchange.'We seek the understanding of the investing public for cutting short the DD retail bond offer period due to oversubscription way ahead,' it added.
DoubleDragon's bond offering was rated PRS Aaa, with a stable outlook, by Philippine Rating Services Corp. last Oct. 23, indicating that it is of the highest quality with minimal risk.Land Bank of the Philippines , RCBC Capital Corp. and Unicapital Inc. served as the joint issue managers, joint lead underwriters and bookrunners while RCBC Capital Corp., LandBank, Unicapital and EastWest Bank were selling agents.
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