The 32nd draw of bearer bonds will be held at Muganbank head office

Business Materials 28 October 2013 12:30 (UTC +04:00)

The 32nd draw of bearer bonds will be held on October 30, 2013 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 live broadcast will be available for watch through http://www.muganbank.az/retail/bearer-bonds/istigraz_online/ .

The total prize fund amounts to 562 500 AZN, the number of prize bonds being 2000. 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 8 years circulation period.

Bondholders are updated on each draw, and they may come to the 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.

The numbers of lucky bonds are published on the next issue of "Xalq qəzeti" following the draw, as well as , on the Bank's official website.

"Muganbank" OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank's 30 branches and 5 sub-branches in the country, as well as its representative office in Moscow effectively serve customers with all types of banking services. "Muganbank" OJSC is actively cooperating with international financial institutions such as US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation ("WBC"), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC) and Islamic Corporation for the Development of the Private Sector (ICD).

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 (https://www.facebook.com/pages/Muganbank/106864156005722?fref=ts.) or Twitter (https://twitter.com/Muganbank1).