Stagecoach buys back $6 million 8 5/8% notes

By Jennifer Chiou

New York, March 26 - Stagecoach Group plc announced the purchase of $6 million, or 1.2%, of its original $500 million of 8 5/8% notes due November 2009.

The purchases took place on Monday and Wednesday.

To date, the company has purchased $198.92 million, or 39.8%, of the notes, leaving $301.09 million outstanding.

Stagecoach is a public transportation company based in Perth, Scotland.

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