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Prospect News home > News index > List of issuers D > Headlines for DoubleDragon Properties Corp. > News item
Published on 12/1/2015 in the Prospect News Emerging Markets Daily.

Philippines’ DoubleDragon plans up to PHP 10 billion preferreds

By Marisa Wong

Morgantown, W.Va., Dec. 1 – DoubleDragon Properties Corp. said it plans to issue PHP 5 billion of non-voting preferred shares with a potential upsize to PHP 10 billion.

The company is looking at a tenor of seven years for the preferreds and aims to secure the necessary approvals for the public offering in March or April.

The Makati City, Philippines, real estate developer will use the proceeds to fund its capital expenditures.


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