Jul 27, 2026 – 9.49amHSBC 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.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?