Haus Talk debuts P1.8-B retail bonds on PDEx

Haus Talk Inc. (HTI) has successfully listed and started trading its P1.8 billion fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx).

The Madlambayan family-led housing developer said on Tuesday that the bond offering represented the company’s maiden issuance. It consists of two tranches of peso-denominated retail bonds.

The three-year Series A bonds amount to P260.02 million while the five-year Series B bonds total P1.54 billion.

The three-year notes carry a coupon rate of 7.0896 percent and the five-year bonds have 7.5924 percent.

The issuance was initially offered at a base amount of P1 billion but was eventually upsized to P1.8 billion following strong investor demand. This reflected market confidence in the company’s growth prospects and business fundamentals.

The listing was formally marked by a bell-ringing ceremony that PDEx hosted on March 16. Present were representatives from HTI, PDEx and partner institutions involved in the transaction.

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PDEx president Stephanie Marie Zulueta welcomed HTI’s participation in the local bond market. Zulueta noted that the issuance signals HTI’s continued engagement with the capital markets after its 2022 listing on the Philippine Stock Exchange’s SME Board.

She added that the proceeds will help support the company’s land banking activities and project development. This will enable HTIit to continue delivering affordable housing solutions to Filipino families.

HTI chair Terence Restituto D. Madlambayan said the strong demand for the bond offering demonstrated investors’ confidence in the company’s disciplined growth strategy.