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NII Holdings Bonds Rise on Stock Purchase Deal

NII Holdings Inc.’s bonds rose after the mobile-phone carrier that missed an interest payment last week said it agreed to sell an equity interest in its Nextel Chile SA unit.

The Reston, Virginia-based company’s $700 million of 7.875 percent notes due August 2019 jumped 3 cents on the dollar to 69 cents at 10:01 a.m. in New York to yield 17.5 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. Those securities traded at 86 cents July 17.