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ROUSE COMPANY ANNOUNCES SUCCESSFUL PLACEMENT OF DEBT

 COLUMBIA, Md., Jan. 22 /PRNewswire/ -- The Rouse Company (NASDAQ-NMS: ROUS) announced that its public debt offering was successfully placed by Goldman, Sachs & Co. of New York and Alex. Brown & Sons Incorporated of Baltimore. Due to the level of demand, $120 million was placed instead of the $100 million originally sought. The ten year, unsecured, senior debt was priced as 8-1/2s at 99.268 to yield 8.61 percent, and the proceeds will be used principally to replace company or other guaranteed debt which matures over the next one to two years. This new debt issue was rated investment grade by both Moody's Investors Service (Baa2) and Standard & Poor's Corporation (BBB).
 "The debt market's enthusiastic response to this offering was very gratifying," stated Chairman and Chief Executive Officer, Mathias J. DeVito. "I am pleased that the company's sound financial position has allowed us to raise this amount of funds at favorable rates in the public debt market."
 -0- 1/22/93
 /CONTACT: David L. Tripp, vice president and director - Investor Relations of Rouse Company, 410-992-6546/
 (ROUS)


CO: The Rouse Company ST: Maryland IN: FIN SU:

AH-OS -- NY022 -- 7859 01/22/93 10:59 EST
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Publication:PR Newswire
Date:Jan 22, 1993
Words:194
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