HSBC Said to Market A$13 Billion Home Loans Amid Reorganization
Newly built houses in Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
HSBC Holdings Plc is assessing investor interest in a portfolio of Australian mortgages as the lender pushes ahead with a global overhaul of its businesses, according to people familiar with the matter.
London-based HSBC is discussing the sale of about A$13 billion ($8.3 billion) of home loans, said the people, who asked not to be identified because the matter is private. Terms of the transaction may change after discussions with investors, and HSBC could decide not to proceed with a deal, they said.