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Mugan Bank to hold the annual draw on lottery bonds next week

Mugan Bank to hold the annual draw on lottery bonds next week

09 June 2010 11:17 (UTC +04:00)

BakÄ±. Elnur HÃ¼seynquluyev â€“ APA-Economics. Azerbaijan-based Mugan Bank will hold the 5th annual draw on the lottery bonds in head office on June 15.
According to the bank the number of prizes doubled to 400. 195 of them are AZN 100, 98 are AZN 250, 56 are AZN 500, 33 are AZN 1000, 10 are AZN 2500, 5 are AZN 5000 and 2 are AZN 10 000. The highest prize sum is AZN 25 000 for the first time.
Mugan Bank issued 200 000 bonds which the face value per bond was 50 manat.
Note that, the bank will hold 80 draws for 10 years. The bond holders will be informed about every draw and they can participate in every draw.
Owned by 4 individual persons Mugan Bank has been in operation since 1992.

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