The DD Otso-Buenas Bonds received a very high volume of orders surpassing available allocation, marking the oversubscription of the issue and resulting in the earlier end of the offer period, two days ahead of schedule, as all available allocation was taken up much earlier than expected.
Due to the very high demand of orders that came in after the offer period started, DoubleDragon Corp., as the Issuer, together with RCBC Capital Corp., Landbank (LBP) and Unicapital Inc. as its joint lead underwriters, joint issue managers and bookrunners, formally announce that the retail bond offering of DoubleDragon Corp. has been more than fully subscribed as of Nov. 18, 2024.
Accordingly, pursuant to the terms and conditions of the retail bond, the Issuer and the joint lead underwriters, joint issue managers, and bookrunners have agreed to shorten the offer period, which has officially ended o November 18, 2024, instead of Nov. 20, 2024.
“We are very glad on the early oversubscription outcome of this DD Otso-Buenas Peso Retail Bond offering, enabling DoubleDragon to capture an even wider stakeholder base into DoubleDragon’s ecosystem,” said DoubleDragon chairman Edgar “Injap” Sia.
“We are deeply grateful for the trust and confidence of the investing public as manifested in this retail bond offering. This will further inspire our whole team to continue the grit and hard work that we believe is essential to enable DoubleDragon to reach greater heights and become more and more relevant and durable as years go forward,” added Sia.
