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

Thu Apr 30, 2009 4:01pm EDT

Stocks

    
  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



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