SBI Long Term Bonds at 9.75% and 9.95%

SBI coming up with Bonds at 9.75% interest rate for 10 years and 9.95 interest rate for 15 years from 21st Feb 2011.

Here is the prospectus:

http://www.sbi.co.in/webfiles/uploads/files/1297773987496_SHELF_PROSPECTUS.pdf

Good opportunity to lock in money for long term at high interest rates.

Interest Rates - Jan 2011

interest rates by most of the banks are now hovering in the range of 9% to 10% with maturity ranging from 1 year+ to 1000 days. For people interested in debt (I guess everyone should), its a right time to lock in some of your fund for long duration FDs.

Short term mutual funds as well as FMPs can also be considered at this as it will have similar yields.

SREI to merge its associate Quippo Infra with itself

Srei Infrastructure Finance Ltd, a non-banking finance company (NBFC), is merging itself with Quippo Infrastructure Equipment Ltd.

Quippo's business activity involves, construction equipment rental, energy rental, oil an gas equipment rental and telecom tower infrastructure rentals. After the merger, all the subsidiaries will come under the Srei banner.

So, it will become an Infra Finance and Infra-Equipment Rental company.