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DoubleDragon Corporation Successfully Enrolls 7-Year Series 4 Notes Worth PHP 2.5 billion on PDEx

Posted:

March 23, 2026

23 March 2026, Makati, Philippines – Philippine Dealing & Exchange Corp. (PDEx) welcomes the return of DoubleDragon Corporation (DD) for the enrollment of its 7-year Series 4 Notes amounting to PHP 2.5 Billion.

Philippine Dealing and Exchange Corp. (PDEx) President, Stephanie Marie Zulueta in her remarks congratulated DD on breaking ground in its first steps in global expansion – “Since its last issuance in February, DoubleDragon made history by officially opening the doors of Hotel101-Madrid last March 10, 2026 —marking the first Filipino homegrown hotel brand to operate overseas; further strengthening DoubleDragon’s vision of bringing a proudly Filipino brand to the global stage.”

Zulueta also acknowledged the excellent performance that PDS has displayed early in the year – “This is PDEx’s ninth (9th) issuance to date bringing around PHP 222.7 Billion listings and enrollments, or 49% of last year’s total volume. We at PDS reaffirm our commitment to maintaining an efficient capital market and providing the support our issuers need to meet their diverse financing requirements.”

DoubleDragon Corporation’s Chairman and CEO, Edgar Injap Sia highlighted in his message the significance of this issuance – “with the ongoing war in Iran, that is now going on the fourth week and continue to bring serious risks and continue to be unpredictable and continue up to today with no clear end in sight. It was imperative for us to push forward and accelerate the capital raises of the DD (DoubleDragon) Group as a precaution to bulk up the company’s excess reserved cash funds.”

Sia also emphasized that this is the best time to raise funding for DD Group – “right now, what oil is for the governments is cash for companies like DoubleDragon Group. As the old, but still relevant business wisdom goes, the best and the right time to raise capital is when you do not need it yet.”

This 9th admission for 2026 brings the year-to-date total of new listings and enrollment to PHP 222.7 billion, pushing the total level of tradable corporate debt instruments to PHP 1.4 trillion issued by 44 companies, comprised of 168 securities.