Goldman Sachs offloads debt at big discount

Goldman Sachs sold 100 million euros ($158.2 million) worth of senior debt tied to Bain Capital's 1.4 billion euro buyout of yachtmaker Bavaria Yachtbau GmbH at 65 cents in the euro in the largest discount offered by an investment bank in the credit crunch, the Times of London reported Monday. Goldman Sachs sold 100 million euros ($158.2 million) worth of senior debt tied to Bain Capital's 1.4 billion euro buyout of yachtmaker Bavaria Yachtbau GmbH at 65 cents in the euro in the largest discount offered by an investment bank in the credit crunch, the Times of London reported Monday.

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