. June 17, 2011. The thirteenth draw of the Bank’s interest-bearing bearer bonds took place at the head office of “”Muganbank” OJSC. That was the fourth of 8 yearly draws.

In the event that any bondholder returns his/her bonds to any of 30 branches of the Bank he /she will get the face amount of the bonds plus accrued dividends. In other words, these securities have a quality of generating income along with the chances  of making their holders happy with different winnings.

The course of the draw could be watched online through the Bank’s web-site www.muganbank.az as well as in previous draws. The results of the draw will be published on June 17, 2011 in “Khalq gazeti”. Besides, calling 933 one may get consultation in respect with this product.

According to Sh.Alakbarov, the Member of the Supervisory Board, the transparency of the draws and carrying them out distinctly in every 45 days are import factors for our customers. He also mentioned about the increasing interest to this project among various strata of population that motivated to carry out the third issue of the bonds. Today the Bank has issued one million bonds for a total amount of 50 million Manat. “Furthermore, the Bank ensures an absolute liquidity of the bonds, i.e. if necessary, a bondholder may sell his/her bonds without any loss of value and may get their face amount back plus dividends”, stated Sh.Alakbarov.

The prize fund of each draw is 437,5 thousand Manat. The bondholders have a chance to win 50 000 Manat, which is the capital prize, there are also 2 winnings for 25 000 Manat, 3 for 10 000  Manat, 6 for 5 000 Manat, 18 for 2500 Manat, 50 for 1000 Manat, 104 for 500 Manat, 326 for 250 Manat and 490 for 100 Manat.

Draw by draw winning chances increase, as the bonds that won are annihilated or annulled, i.e. such bonds do not take part in the following draws and accordingly the number of raffled bonds is reduced by one thousand each time.

Thus, consequently the prize fund makes 70% of the size of the issue which is a good figure for lotteries that are quite popular among population. It should be recalled that the bonds relate to a category of securities and have been licensed by the State Committee for Securities.

Today, thousands of people have enlarged their family budget for 50 Manat during the “thirteen draws’” history of this project.