Finance

Finance

MuganBank to hold the first draw on lottery bonds

10 December 2009 11:40 (UTC +04:00)

Baku - APA-ECONOMICS. Azerbaijan-based MuganBank will hold the first draw on the lottery bonds at its head office in Baku on December 15 at 11:00 am.

The bank said the lottery drawing committee will draw the first 100 wins.

The placement of MuganBankâ€™s 30 October began placing interest-bearing coupon bonds registered with the State Committee for Security on August 14 commenced on October 30.

Face value per bond is 50 manat. The bonds were issued by the bank for 10 years with a yield of 2% per year. Anyone can buy bonds and get a chance to win 10 000 manat.
If bonds donâ€™t win, you can return them to any branch of the bank and get your money back.

The serial number of each bond is drawn every 45 days and gives a chance for the following prizes: 10 000 manat (2 pcs.) 5 000 manat (5 pcs.), 2 500 manat (10 pcs.), 1 000 AZN (18 pcs.), 500 manat (29 pcs.), 250 manat (30 pcs.), 100 manat (6 pcs.).

You can check the results on www.muganbank.az or on "Azerbaycan" Newspaper.