---
title: "HSBC agrees to sell AUD 36 billion Australian home, personal loan portfolio to Blackstone"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294422799.md"
description: "HSBC Holdings agreed to sell its Australian home and personal loan portfolio to Blackstone-owned Virgo BidCo for approximately AUD 36 billion. The transaction, expected to close in the first half of 2027 subject to regulatory approvals, will generate a pre-tax loss of less than USD 0.1 billion. HSBC plans to wind down the remainder of its Australian retail business over 18 months, incurring USD 0.3 billion in restructuring costs, with Pepper Money servicing the loans post-completion."
datetime: "2026-07-30T22:17:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294422799.md)
  - [en](https://longbridge.com/en/news/294422799.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294422799.md)
generator: "portal-rs"
---

# HSBC agrees to sell AUD 36 billion Australian home, personal loan portfolio to Blackstone

-   HSBC Holdings agreed to sell its Australian home loan and personal loan portfolio to Blackstone-owned Virgo BidCo for about AUD 36 billion. \* Closing targeted for 1H 2027, subject to regulatory and competition approvals. \* Transaction expected to generate a pre-tax loss of less than USD 0.1 billion by 1H 2027. \* HSBC plans to wind down the rest of its Australian retail business over 18 months, with USD 0.3 billion in restructuring costs. \* Pepper Money will service the loans post-completion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260731-12263148), on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**