Azerbaijan, Baku, July 31 / Trend /
The results of the next draw of bearer bonds held on July 30 at the head office of "Muganbank" OJSC are now available. The prize fund of 562 500 AZN was distributed as following:
50 000 AZN - 1 prize,
5 000 AZN - 6 prizes,
2500 AZN - 18 prizes,
1000 AZN - 50 prizes,
500 AZN - 201 prizes,
250 AZN - 632 prizes,
100 AZN - 1090 prizes.
To ensure that the draw process can be conveniently watched by bondholders and that the process is transparent, the draw was broadcasted online over Muganbank's website.
Information on the results of the draw may be obtained from the next release of "Xalq qəzeti" as well as from the official website of "Muganbank" OJSC
(http://www.muganbank.az/retail/bearer-bonds/list/) and also by dialing 933.
The next 31st draw will be held on September 15, 2013 at the head office of "Muganbank" OJSC in 21B, A.Rajabli street.
This bearer bond project of "Muganbank" OJSC passed official registration in State Committee for Securities on August 14, 2009. The bank has issued 1 mln. bonds to the amount of 50 mln. AZN. The face value per bond is 50 AZN. 80 draws are to be held within the 10-year turnover period.
The advantage of this product as being risk-free is an important and attractive factor. The winning rate of this product is high enough and each bond ensures an annual profit of 2% for its holder. A bondholder can anytime return his (her) bonds to any branch of "Muganbank" OJSC and receive back the amount on their face values plus the annual interest on them. In other words, the bank ensures absolute liquidity for its securities. These conditions are a good reason to determine on making additional investments in family budget.
Bonds are always real money!
"Muganbank" OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank's 30 branches and 4 sub-branches in the country, as well as its representative office in Moscow effectively serve customers with all types of banking products. "Muganbank" OJSC is actively cooperating with international financial institutions among them US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation ("IFC"), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC), etc.
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