Cheung Kong (Holdings) has mandated a group of six banks to arrange a $2 billion five-year syndicated loan, which has been fully underwritten.
The banks are Bank of America Asia, BOCI Capital, CEF Capital, Industrial & Commercial Bank of China, KBC Bank and SG Asia.
Banking sources said the loan would be officially launched on Monday and they expected it would be over-subscribed.
They said the interest rates for the loan would be lower than that of a similar loan recently launched by utility Hongkong Electric Holdings.
Lending rates of property firms are usually higher than conglomerates or utilities.
A banker said the banking sector did not consider Cheung Kong a property firm but 'a diversified conglomerate', which controls Hutchison Whampoa.