Investors rush for World Expo bonds

SHANGHAI: The second batch of bonds for the 2010 Shanghai World Expo have mostly been snapped up by eager corporate investors, the Shanghai World Expo Land Holding Corporation announced yesterday.

Many investors have scrambled to buy up most of the 4 billion yuan ($516 million) worth of expo bonds.

Two billion yuan of 10-year securities carry a fixed annual interest rate of 4.25 percent. The other 2 billion yuan of 15-year bonds have a fixed 4.15 percent annual rate.