Philippine Rating Services (PhilRatings) has given the proposed bond issuance of up to P10.9 billion by Double Dragon Corp. the highest rating, RPS Aaa.

This was announced by Double Dragon in a disclosure with the Philippine Stock Exchange (PSE) on Tuesday.

“Double Dragon expects this proposed Retail Bond Issuance by September 2025 at 7.7 percent fixed interest rate with tenors of 3.5 years and 5.5 years to demonstrate a positively robust capital market in the Philippines,” the disclosure said.

“This proposed DD double-seven retail bond issuance is expected to be boosted by the expected upcoming BSP interest rate reduction this week,” it added, referring to the rate-setting meet of the Bangko Sentral ng Pilipinas (BSP) on Aug. 28.

Double Dragon is an investment management company listed with the PSE.