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Blackstone Said to Buy $25 Billion HSBC Australia Home Loan Book

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Deals Blackstone Said to Buy $25 Billion HSBC Australia Home Loan Book Blackstone Inc. has agreed to acquire an about A$36 billion ($25 billion) home loan portfolio in Australia from HSBC Holdings Plc, people familiar with the matter said, in what’s set to be one of the largest such transactions ever. The US alternative asset manager and the London-based bank are likely to announce the deal as soon as Friday, the people said, asking not to be identified because the information is private. A...

Deals Blackstone Said to Buy $25 Billion HSBC Australia Home Loan Book Blackstone Inc. has agreed to acquire an about A$36 billion ($25 billion) home loan portfolio in Australia from HSBC Holdings Plc, people familiar with the matter said, in what’s set to be one of the largest such transactions ever. The US alternative asset manager and the London-based bank are likely to announce the deal as soon as Friday, the people said, asking not to be identified because the information is private. A deal will help Blackstone expand its credit and insurance business, known as BXCI, in the Asia Pacific region, the people said.
Blackstone (ORG) HSBC Australia Home Loan Book Deals Blackstone Said (ORG) HSBC Australia Home Loan Book Blackstone Inc. (ORG) Australia (LOCATION) HSBC Holdings Plc (ORG) US (LOCATION) London (LOCATION) BXCI (ORG) the Asia Pacific (LOCATION)
Originally published by Bloomberg Markets Read original →