Latest Lion Series 2020-1 Trust (ASX:LI8) News

N1 Holdings, Wisr and Beforepay led the week’s share-price gains as lenders reported stronger profits and larger loan books. Takeovers, payment growth and a major HSBC loan sale also shaped the market.

HSBC Bank Australia is selling its AUD36 billion home and personal loan portfolio to Blackstone affiliates, marking a significant step in winding down its Australian retail banking operations. The deal awaits regulatory approvals and is expected to close in early 2027.

The Lion Series 2020-1 Trust has completed the redemption of its $920 million Class A1 floating rate notes, leading to their suspension and removal from the ASX official list.