Manila: Double Dragon Corp.'s proposed bond issuance, amounting to up to PHP10.9 billion, has been awarded the highest rating of RPS Aaa. This announcement was made by Double Dragon in a disclosure with the Philippine Stock Exchange (PSE).

According to Philippines News Agency, Double Dragon anticipates that the Retail Bond Issuance will occur by September 2025, offering a fixed interest rate of 7.7 percent. The tenors for these bonds are planned to be 3.5 years and 5.5 years, which the company expects will showcase a positively robust capital market in the Philippines.

Furthermore, the company mentioned that the proposed DD double-seven retail bond issuance is likely to receive a boost from the anticipated reduction in interest rates by the Bangko Sentral ng Pilipinas (BSP) during their rate-setting meeting on August 28.

Double Dragon operates as an investment management company and is listed with the PSE, reflecting its active participation in the financial markets of the Philippines.