The Ryland Group


said that it is calling all of its 9 1/8% senior subordinated notes due 2011 for full redemption on July 3 in accordance with the terms of the indenture governing the notes. The $150 million principal amount outstanding includes $6.5 million of notes owned by the company. The notes will be called at a premium of 104.5% to be paid along with accrued interest on July 3, the Calasbas, Calif.-based company said.

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