Metris buys back $20.9 million 10 1/8% notes

New York, May 13 - Metris Cos. Inc. said it bought back $20.9 million principal amount of its 10 1/8% senior unsecured notes due 2006 on May 11.

The Minnetonka, Minn.-based bankcard issuer said it paid the market price plus accrued interest.

Following the repurchase, Metris has $79.1 million of the notes outstanding.

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