HSBC is preparing to announce the sale of its $30 billion-plus Australian loan book – a deal which is being negotiated days out from the British banking giant announcing its interim results on August 4.
Street Talk understands the same Blackstone private credit division that orchestrated the offshore investment management giant’s landmark $US10 billion ($14 billion) financing deal for Oliver Curtis’ Firmus, is putting the final touches on a deal to acquire HSBC’s loan book, heralding the firm’s entry to Australia’s home lending market.
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