The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.
One of the region's most liquid but conservative markets is showing signs of moving down the credit curve again, although borrowers are still advised to adopt a step-by-step approach to issuance.
Mainland developers are expected to face an uphill battle through the rest of the year as they struggle with growing debt and a slowdown in home sales.
Leslie Maasdorp, vice president and chief financial officer of the BRICS bank, shares his thoughts on China's capital markets and his plans to sell more green bonds.
China’s online lending sector has been shrinking as Beijing has intensified its efforts to clamp down on the once red-hot industry. Even the largest player is pulling out now.