Azerbaijani Muganbank announces results of 37th draw of bearer bonds
Baku, Azerbaijan, June 17
Muganbank OJSC has announced the results of the 37th draw of bearer bonds held on June 15 at the bank's head office.
The bank said the draw was broadcasted online over Muganbank's website for bondholders' easy watch and to ensure transparency of the draw process.
"The total prize fund of each draw of the bearer bonds amounts to 562,500 AZN, the number of prize bonds being 2000. The maximum prize amount is 50,000 AZN," the bank said.
The numbers of winning bonds are published on the next issue of 'Xalq qəzeti' newspaper, as well as, on the bank's official website (http://www.muganbank.az/retail/bearer-bonds/list/). For more information please also call 933.
The next 38th draw will be held on July 30 at the Muganbank head office, at A. Rajabli Street, 21B, Baku, Azerbaijan.
This bond project of Muganbank OJSC was registered with the State Committee for Securities in 2009. The bank has issued one million bonds in a total amount of 50 mln AZN. The face amount per bond is 50 AZN. Some 80 draws will be held within 10 years circulation period.
The advantage of this product as being risk-free is an important and attractive factor. The winning statistics of this product is good enough, besides each bondholder is provided with a profit of two percent per annum.
The bondholders can at any time return their bonds to any branch of the bank and get back the face amount of the bond plus the above mentioned interest.
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.
The official exchange rate on June 17 is 0.7843 AZN/USD.