Baku, Finance Time. The results of the next draw of bearer bonds will be held on July 30th at the head office of “Muganbank” OJSC.
The prize money of each draw is 562 500 AZN and the number of prizes is 2000. The amount of the biggest prize is 50 000 AZN.
The draw will be broadcasted online via Muganbank’s website www.muganbank.az.
Bearer bonds project of “Muganbank” OJSC passed state registration at State Committee for Securities on August 14, 2009. The bank has issued 1 million bearer bonds to the amount of 50 million AZN, Face value of each bearer bond makes 50 AZN. 80 drawings is to be held during the period of 10 years. The bondholders are informed of each draw and they may attend every draw by visiting the head office of the Bank which is located in A.Rajabli str.21B.
The winning rate of this banking product is high enough. Furthermore, it ensures an annual interest of 2% for its holder.
The bondholders may any time return their bonds to the bank. When returning them, the bondholder receives back the amount on their face value plus the abovementioned annual interest.
The list of the lucky numbers will be 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 4 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 among them 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), etc.
For more information about Muganbank products and services you can call (012) 933 or visit the bank’s Facebook page: https://www.facebook.com/pages/Muganbank/106864156005722?fref=ts.
