Blackstone Inc. is reported to have agreed to acquire about A$36 billion (about $25 billion) in Australian home loan assets from HSBC Holdings Plc. The transaction involves HSBC’s home loan portfolio and is described as among the largest deals of its kind in Australia. According to people familiar with the matter, the agreement is for the acquisition of the loan book, with the assets valued at roughly A$36 billion. Separately, The West Australian reports that the deal is set to include HSBC’s Australian home and personal loans book, totaling about A$36 billion. The report also says HSBC will exit parts of its retail operations as part of the transaction, effectively shutting its retail bank. The specific terms, timing, and regulatory approvals are not detailed in the available accounts. The reports also frame the purchase as a significant move by private capital into Australia’s mortgage market, though the specifics of how the loans will be serviced after the sale are not addressed in the cited coverage.