Radian Group to buy back 7¾% notes due 2011, 5 5/8% notes due 2013

By Marisa Wong

Madison, Wis., Nov. 8 - Radian Group Inc. said it plans to repurchase its outstanding 7¾% senior notes due June 1, 2011 and outstanding 5 5/8% senior notes due Feb. 15, 2013.

The notes will be repurchased either before or at their respective maturity dates using proceeds from an offering of convertible senior notes due 2017.

Radian is a Philadelphia-based provider of credit-related insurance coverage and financial services.

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