• Goldman pulls out of Hilton bond offering

Goldman Sachs is thought to have withdrawn from plans to sell a portion of Hilton Worldwide bonds with Bank of America.

The decision leaves Bank of America to sell $1.56bn of bonds, down from the $2.66bn previously offered. The debt had been offered with a yield between 6.5% and 7%, which has now been increased to 7.5%, according to marketing material.

See the full story here:
http://www.bloomberg.com/news/2010-11-17/hilton-worldwide-s-bond-offering-said-to-be-slashed-to-about-1-56-billion.html

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