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Continental buys back $3 million of new secured floaters
New York, Sept. 30 - Continental Airlines, Inc. said it has bought back $3 million of the new secured subordinated floating-rate notes it priced on May 2.
The Houston-based airline originally sold $100 million of the notes due 2007, pricing them at 95 with a coupon of Libor plus 750 basis points.
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