Haus Talk raises P1.8 billion from bond sale

MANILA, Philippines —  Property developer Haus Talk Inc. has raised P1.8 billion from a bond sale that drew strong investor demand.

The fixed-rate peso retail bonds with three-year and five-year tenors were priced at 7.0896 percent and 7.5924 percent, respectively.

Originally offered at a base amount of P1 billion, the issuance was upsized following strong investor demand.

Haus Talk chairman Terence Madlambayan attributed the strong response to the bond offering to investor confidence in the company’s vision and disciplined approach to growth.

The company will use proceeds from the issuance to support its expansion across Luzon, as well as fund land banking initiatives, project development and other general corporate requirements.

Haus Talk continues to expand its portfolio of residential communities to deliver affordable housing solutions for Filipino families.

The company is focused on developing affordable housing for the socialized, economic or low-cost segments, as well as the middle-income segment.

Its residential developments are a mix of horizontal and vertical projects located in Rizal, Laguna and select cities in Metro Manila.