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.
|
Guarantor: | DoubleDragon Corp.
|
Issue: | Senior guaranteed bonds
|
Amount: | $55 million tap
|
Maturity: | July 27, 2025
|
Bookrunner: | UBS
|
Lead Manager: | RCBC Capital
|
Coupon: | 7¼%
|
Price: | Par of $100, plus interest from July 27, 2022
|
Settlement date: | Nov. 25
|
Distribution: | Regulation S
|
ISIN: | XS2207972790
|
Total issue size: | $160 million
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.