HSBC Sells $25 Billion Australian Home Loan Portfolio to Blackstone
HSBC has sold its $25 billion Australian home loan book to Blackstone, incurring a loss of less than $100 million. This transaction marks a significant divestment for HSBC in the Australian market.
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Blackstone Said to Buy $25 Billion HSBC Australia Home Loan Book
Blackstone Inc. has agreed to acquire an about A$36 billion ($25 billion) home loan portfolio in Australia from HSBC Holdings Plc, people familiar with the matter said, in what’s set to be one of the largest such transactions ever.
By Manuel Baigorri
Read full article →HSBC sells $25bn Australia loan book to Blackstone
Mortgage transfer is latest step in global overhaul of Europe’s biggest lender
Read full article →HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m
HSBC Holdings has agreed to sell its US$25 billion Australian home loan portfolio to a unit of Blackstone, which is expected to result in an immaterial pre-tax loss of less than US$100 million for the group by the first half of 2027, according to a stock exchange filing on Friday. The sale price was based on the portfolio’s value of A$36 billion (US$25 billion) as at the end of January, plus a premium related to changes in interest rates, collections received, and costs. The net proceeds will...
By Enoch Yiu
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