now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Treasury & Capital Markets
Hang Seng arranges HK$100 million social loan for Unistress
Facility to fund building of schools for children with disabilities and transitional housing for low-income families
The Asset 23 May 2023

Hang Seng Bank has arranged a HK$100 million (US$12.77 million) social loan for Unistress Building Construction, a Hong Kong-based construction company.

The facility will be used to finance or refinance three of Unistress’ social projects. These include the building of a primary school in Fo Tan and two special schools in Kowloon Tong for children with intellectual disabilities, and the construction of transitional housing for low-income families in Yuen Long.

According to the bank, the loan will help drive socioeconomic advancement and empowerment by opening up access to education for children and those with special needs, as well as improving housing affordability.

The social loan is aligned with the Social Loan Principles of the Asia Pacific Loan Market Association, the Loan Market Association, and the Loan Syndications and Trading Association.

Conversation
Rebecca Lim
Rebecca Lim
founding partner
Auto ML Capital
- JOINED THE EVENT -
Webinar
Unlocking the value of automation and AI in asset management
View Highlights
Conversation
Dato' Paduka Syed Mashafuddin Syed Badarudin
Dato' Paduka Syed Mashafuddin Syed Badarudin
chief executive officer
Principal Islamic Asset Management
- JOINED THE EVENT -
5th Global Islamic Finance Issuers and Investors Leadership Dialogue
Opportunities beyond uncertainty
View Highlights