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Muganbank to hold next draw of bonds

12 September 2014 10:51 (UTC +04:00)

Baku. Parviz Nuriyev–APA-Economics. The 39^th draw of bearer bonds will be held on September 15, 2014 at the head office of “Muganbank” OJSC.

Taking into consideration the high demand for this product and the interest shown by a huge number of bondholders, the draw will be broadcasted online this time as well.

The total prize fund amounts to 562, 500 AZN, the number of prize bonds being 2,000. The maximum prize amount is 50, 000 AZN.

This bond project of “Muganbank” OJSC was registered with the State Committee for Securities in 2009. The Bank has issued 1 mln. bonds in a total amount of 50 mln. AZN. The face amount per bond is 50 AZN. 80 draws will be held within 10 years circulation period.

Bondholders are updated on each draw, and they may come to the Bank’s head office in A.Rajabli str.21B and attend each draw.

The winning statistics of this product is good enough, besides each bondholder is provided with a profit of 2% per annum. The bondholders can any time return their bonds to the bank. When returning a bond, the bondholder gets back the face amount of the bond plus the above mentioned interest.

For more information on Muganbank products and services, you can call the Bank’s information desk + 994 12 933 or follow the bank on Facebook or Twitter.