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INTERNATIONAL

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Times Staff and Wire Reports

China Sells $400 Million in Bonds: It was the nation’s first international debt sale in two years and included some bonds due a century from now. China, which said it had no immediate plans for the money it raised, is seeking to boost U.S. investors’ interest in its debt. China attracted buyers to its first sale of Yankee bonds--or dollar-denominated bonds sold in the United States by a foreign entity--by offering juicy yields and including sought-after century bonds in the mix. China’s seven-year notes were priced to yield 6.684%, or 113 basis points more than U.S. Treasury notes with comparable maturities. The 100-year bonds were priced to yield 9.125%, or 299 basis points more than comparable Treasuries.

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