Blackstone Unit to Buy HSBC’s Australian Loan Book, AFR Says

Blackstone's private credit division agreed to purchase HSBC's Australian loan portfolio valued at over A$30 billion, according to the Australian Financial Review. The transaction includes commercial and residential loans held by HSBC in Australia. Terms of the deal were not disclosed. HSBC has been reducing its presence in certain markets as part of a broader restructuring announced in 2023.

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