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Manila Bulletin devider Business devider The Stock Market devider SEC approves ₱22-billion bond offers for two local developers

SEC approves ₱22-billion bond offers for two local developers

Published Feb 27, 2026 02:32 pm
The Securities and Exchange Commission (SEC) approved debt-raising plans for Rockwell Land Corp. and Haus Talk Inc. totaling ₱22 billion, as the developers look to lock in funding for residential and commercial expansion.
Rockwell Land, the high-end property arm of the Lopez family, received the regulator's nod to register a ₱20 billion debt securities program under a shelf registration. The commission, in an en banc meeting on Feb. 20, cleared the company to proceed with an initial tranche of ₱10 billion. This first installment consists of a base offer of ₱7 billion in fixed-rate bonds, with an option to sell an additional ₱3 billion to meet excess demand.
The Lopez-led developer plans to offer three-year Series A bonds maturing in 2028 and five-year Series B bonds due in 2030. Rockwell Land estimates it will raise approximately ₱9.87 billion in net proceeds if the oversubscription option is fully exercised.
The company intends to deploy the capital toward its pipeline of residential and commercial projects. The offering is scheduled to run from March 4 to March 10, with the listing on the Philippine Dealing & Exchange Corp. slated for March 18.
BDO Capital & Investment Corp. and First Metro Investment Corp. are managing the sale. PNB Capital and Investment Corp. and RCBC Capital Corp. joined them as lead underwriters and bookrunners.
Separately, the SEC approved a ₱2 billion bond offering for Haus Talk Inc. during a Feb. 24 meeting. The residential developer’s plan includes a base offer of ₱1 billion and an oversubscription allowance of ₱1 billion. Like Rockwell, Haus Talk’s offering features two tenors: Series A bonds due in 2028 and Series B bonds due in 2030.
Haus Talk expects to net roughly ₱1.96 billion from the sale if the additional bonds are fully taken up. The proceeds are earmarked for land acquisition, ongoing project developments, and general corporate purposes.
The company set its offer period for March 2 through March 6, targeting a March 16 listing on the local debt exchange. Security Bank Capital Investment Corp. is acting as the sole issue manager, underwriter, and bookrunner for the transaction.
The back-to-back approvals signal a continued appetite for corporate debt in the Philippine market as property firms shore up liquidity for land banking and construction.

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Securities and Exchange Commission Rockwell Land Corporation Haus Talk Inc.
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