Residential developer Haus Talk Inc (HTI) plans to raise up to P2 billion from a bond offering early next year to fund its expansion in the housing market, the company said Tuesday.
The proposed bond sale received a credit rating of PRS A with a stable outlook from Philippine Rating Services Corp (PhilRatings). Obligations with this rating are considered upper-medium grade and reflect a strong capacity to meet financial commitments, although they remain somewhat more exposed to changes in economic conditions than higher-rated debt.
PhilRatings said the stable outlook indicates the rating is likely to be maintained over the next 12 months. The credit rater noted that the rating reflects the growth prospects of the company, which focuses on underserved housing segments in key growth areas within and around Metro Manila.
HTI has completed 14 projects and maintains a track record of selling out its developments despite a smaller size and more limited geographic presence compared with larger competitors.
Most of its ongoing projects scheduled for completion between 2026 and 2027 have already been taken up, signaling strong market demand.
The credit rater also cited the sustained earnings growth and ample liquidity of the company, supported by a relatively conservative capital structure. While the target market of the developer may be more vulnerable to economic downturns, PhilRatings said HTI recorded strong collection performance and revenue growth during the pandemic.
HTI projects are primarily located in Antipolo City and parts of Laguna, including San Pedro and Santa Rosa. As of June 30, 2025, the company held a land bank of 67 hectares valued at P2.2 billion, with most of the land earmarked for developments over the next 7 years.
Security Bank Capital Investment Corp. was mandated as the issue manager, lead underwriter and bookrunner for the issuance.
 plans a P2 billion bond offering in early 2025 to fund residential expansion, earning a PRS A credit rating from PhilRatings.){kind=link}