HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m

HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100mThe remainder of Australia" class="entity-link entity-organization" data-entity-id="175490" data-entity-type="organization">HSBC Australia’s retail business will be wound down in a phased manner over the next 18 months2-MIN READ2-MIN0ListenPublished: 4:33pm, 31 Jul 2026Updated: 5:16pm, 31 Jul 2026HSBC 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 of the end of January, plus a premium related to changes in interest rates, collections received and costs. The net proceeds will be used for HSBC’s corporate purposes, the filing said.The remainder of Australia" class="entity-link entity-organization" data-entity-id="175490" data-entity-type="organization">HSBC Australia’s retail business will be wound down in a phased manner over the next 18 months, the lender said in the exchange filing.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x