OREANDA-NEWS. On July 30th 2010, the sixth draw of the bearer bonds will take place at the head office of “Muganbank” OJSC. The whole draw will be casted online through the web-site of the bank www.muganbank.az. The results of the draw will also be available through our web-site, reported the press-centre of Muganbank.

It should be noted that these securities have been issued by the Issuer for the term of 10 years. The face value of one bond is 50 Manat and the number of issued bonds is 400 000. From the second draw the number of winning bonds has been increased and is 400. The maximum winning amount is 25 000 Manat.

According to the obligations of “MuganBank” OJSC, 80 draws will be held during 10 years in each 45 days. Bondholders will be informed about each drawing lots. The winning rate of the bonds is enough high, furthermore the bonds ensure annual interest of 2%. In the event that the bonds would not win, the bondholder may return them to the bank and receive back the amount on their face value plus the fixed annual interest of 2%. The bonds may be converted to cash money any time.