Hilton Hotels first to issue bonds in Chilean pesos

Skadden, Arps, Slate, Meagher & Flom LLP and Claro y Cía have represented Credit Suisse First Boston (Europe) in connection with the issuance by the Hilton Hotels Corporation of CLP 67,715 million, equivalent to approximately US$100 million, in 7.43 per cent Chilean Inflation-Indexed (UF) notes. The notes, due 2009, are underwritten by Credit Suisse First Boston. The deal was closed on August 29.