Ryland repurchases $47.6 million of senior notes at discount

By Jennifer Chiou

New York, Feb. 25 - Ryland Group, Inc. bought back $47.6 million of its senior notes at a cost of $35.9 million in the open market during the first quarter of 2009, according to a 10-K filing with the Securities and Exchange Commission.

Calabasas, Calif.-based Ryland is a homebuilder and mortgage-finance company.

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