Monday, October 25, 2010

Banks Market Hilton, Extended Stay Mortgage Debt

Oct. 25 (Bloomberg) -- Bank of America Corp. and Goldman Sachs Group Inc. are marketing bonds tied to debt left over from the 2007 buyout of Hilton Worldwide in the largest sale of commercial-mortgage bonds of 2010.
The $2.66 billion unrated offering matures in as soon as 2.86 years, according to a person familiar with the sale, who declined to be identified because terms aren’t public.

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