ANZ, NAB Fund Blackstone's A$36 Billion HSBC Loan Portfolio Purchase
Deals·1 article across 1 outlet
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ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders bankrolling Blackstone Inc.’s A$36 billion ($25.3 billion) purchase of HSBC Holdings Plc’s Australian retail loan portfolio, the Australian Financial Review reported Sunday, citing unnamed sources.
The deal marks a significant move in the Australian banking sector as Blackstone expands its investment in retail loans through this acquisition from HSBC.
ANZNABBlackstoneHSBC
Sources
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SourceReports the news
“ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders bankrolling Blackstone Inc.’s A$36 billion ($25.3 billion) purchase of HSBC Holdings Plc’s Australian retail loan portfolio, the Australian Financial Review reported Sunday, citing unnamed sources.”
Bloomberg — ANZ, NAB Among Banks Funding Blackstone HSBC Book Buy, AFR Says