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BRIEFLY

Coast S&L sold $150 million in long-term debt.

May 08, 1985

The Los Angeles-based S&L said the capital notes have an interest rate of 15.75% and a maturity date of May 15, 2000. The notes may be redeemed in eight years. Coast Savings said the notes will boost its net worth ratio to 10.25%, one of the highest ratios in the savings and loan industry.

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