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Radian to redeem senior notes

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Radian to redeem senior notes

Radian Group Inc. will redeem its 7.000% senior notes due 2021 at 106.742% of the principal amount of notes outstanding plus accrued interest.

The principal amount of the notes outstanding is about $70.4 million, and the aggregate redemption amount due is roughly $75.3 million, including accrued interest through the redemption date.

The notes will be redeemed in full, and on and after Sept. 27, interest on the notes will cease to accrue, and all rights of the noteholders, except the right to receive the redemption price, will cease. Payments will be made to holders of the notes on the same date.