BUSINESSSCMP CHINA
HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m
HSBC Holdings agreed to sell its US$25 billion Australian home loan portfolio to a Blackstone unit, resulting in an immaterial pre-tax loss of less than US$100 million by 2027. The sale price includes a premium based on interest rate changes, collections, and costs.
Related Signal
Adjacent reporting
- HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m
- HSBC sells $25bn Australia loan book to Blackstone
- Blackstone Unit to Buy HSBC’s Australian Loan Book, AFR Says
- HSBC to pull out of Australian retail banking market
- HSBC agrees to US$2 billion deal to sell Singapore insurance branch to Allianz