Blackstone Nears Deal For HSBC’s Australian Loans

HSBC to sell Australian loan portfolio worth over A$30bn Blackstone's private credit unit is close to acquiring HSBC's Australian loan book. The loan portfolio is valued at more than A$30bn. The sale is part of HSBC's global reorganisation under its new chief exe

HSBC to sell Australian loan portfolio worth over A$30bn

Blackstone’s private credit unit is close to acquiring HSBC’s Australian loan book.

The loan portfolio is valued at more than A$30bn.

The sale is part of HSBC’s global reorganisation under its new chief executive.

Previous attempts to sell the full Australian business did not proceed.

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