By Mary-Katherine Stinson
Lexington, Ky., Nov. 18 – Philippines’ DoubleDragon Corp. subsidiary DDPC Worldwide Pte Ltd. priced a $30 million add-on to the company’s 7¼% senior guaranteed bonds due 2025, according to a disclosure announcement.
The Regulation S, unrated notes came at par, plus accrued interest from July 27, 2022.
The company priced a first tap for $55 million on March 9, 2022. The original issue was $75 million.
UBS was the sole global coordinator, lead manager and bookrunner.
Proceeds will be used for the development and construction of the Hotel 101-Niseko Hokkaido Japan project and general corporate purposes.
The real estate developer is based in Makati City, Philippines.
| Issuer: | DDPC Worldwide Pte. Ltd.
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| Guarantor: | DoubleDragon Corp.
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| Issue: | Senior guaranteed bonds
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| Amount: | $55 million tap
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| Maturity: | July 27, 2025
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| Bookrunner: | UBS
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| Lead Manager: | RCBC Capital
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| Coupon: | 7¼%
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| Price: | Par of $100, plus interest from July 27, 2022
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| Settlement date: | Nov. 25
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| Distribution: | Regulation S
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| ISIN: | XS2207972790
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| Total issue size: | $160 million
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