A significant financial move is underway for a developer specializing in accessible housing. Haus Talk, Inc. has formally registered with the Securities and Exchange Commission for a bond issuance potentially reaching P2 billion.
The offering will consist of Philippine peso-denominated bonds, structured as Series A with a maturity date in 2029 and Series B maturing in 2031. This strategic financial instrument aims to fuel the company’s continued expansion and project development.
Independent ratings agency, Philippine Rating Services Corp., has assigned a PRS A rating with a stable outlook to these bonds, signaling confidence in the company’s ability to meet its financial obligations. This rating is a crucial indicator for potential investors.
The company swiftly addressed a payment assessment issued by the SEC in January, demonstrating proactive financial management. Security Bank Capital Investment Corp. will spearhead the bond offering, acting as lead issue manager, underwriter, and bookrunner.
Haus Talk concentrates on creating affordable housing solutions – both horizontal and vertical – in key areas surrounding Metro Manila. Their projects are strategically located in Rizal, Laguna, and Cavite, addressing a critical need for accessible homes.
Despite this significant financial announcement, trading activity for Haus Talk shares remained steady on Monday, closing at P1.04 per share. The bond offering represents a separate avenue for the company’s financial growth and project funding.
