A&O Shearman and Clifford Chance have assisted on the largest syndicated loan in the 76-year history of the Hong Kong Housing Society.
The HKD12 billion (USD1.5 billion) five-year term and revolving syndicated loan includes a HKD3 billion social tranche. The funds will be allocated for affordable housing, redevelopment projects and rehousing estates, contributing to the completion of more than 17,000 units in the next five years.
A&O Shearman, led by partner and counsel , advised the Hong Kong Housing Society.
Partner Vicky Ma at Clifford Chance advised a syndicate of 12 banks, led by Bank of China (Hong Kong) and HSBC.
The loan facilities incorporate a comprehensive sustainable finance framework that sets out criteria and guidelines for the social tranche, ensuring that fund allocation maximises social impact and aligns with global sustainable financing practices.
