New Issue-Ryland Group sells $230 mln 8-yr sr notes

April 30 (Reuters) - California-based homebuilder Ryland
Group Inc (RYL.N) on Thursday sold $230 million in 10-year
senior notes, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $225 million.

Citigroup Global Markets was the sole bookrunning manager
for the sale.
BORROWER: RYLAND GROUP INC
AMT $230 MLN COUPON 8.40 PCT MATURITY 5/15/2017
TYPE SR NOTES ISS PRICE 98.006 FIRST PAY 11/15/2009
MOODY'S Ba3 YIELD 8.75 PCT SETTLEMENT 5/5/2009
S&P BB-MINUS SPREAD 562.6 BPS/ PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS