KB Home calls its $250 million of 9½% notes

By Susanna Moon

Chicago, June 26 - KB Home said it would redeem its $250 million of outstanding 9½% senior subordinated notes due 2011.

The redemption date is July 27.

Notes will be redeemed at $1,031.67 per $1,000 principal amount plus accrued interest until the redemption date.

KB Home is a Los Angeles-based builder of single-family homes.

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