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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 be...
HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m
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South China Morning Post

2h ago
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