# Bonds Issuing, Locking & Lucky Draw Dates

Each bond denomination will have multiple series that will have a different draw date and a holding period eligibility. Every bond has a locking period after which you cannot participate in that series lucky draw. But you can participate in the next series draw. Holding period is smaller for smaller denomination bonds and higher for higher denomination bonds.

### <mark style="color:green;">1.</mark> <mark style="color:green;">$100 Denomination Bond</mark>

Each Month, there are 4 lucky Draws of 100 Denomination bonds.

| Series              | Series A                      | Series B                       | Series C                        | Series D                        |
| ------------------- | ----------------------------- | ------------------------------ | ------------------------------- | ------------------------------- |
| **Issuing Period**  | 1st to 5th day of every Month | 6th to 12th day of every Month | 13th to 19th day of every Month | 20th to 26th day of every Month |
| **Locking Date**    | 5th of every Month            | 12th of every Month            | 19th of every Month             | 26th of every Month             |
| **Lucky Draw Date** | 8th of the Following Month    | 15th of the Following Month    | 22nd of the Following Month     | 30th of the Following Month     |

***Note:*** *Actual issuance period, locking and lucky draw dates will be published on the DApp for each series of every denomination bond.*

Let’s say today is 1st November, 2022. The bond has a Lucky Draw date of its first series on 8th December, 2022. Then the last day to participate in that series is 5th November.&#x20;

After that, the bonds will be locked till Lucky Draw. But you can participate in the 2nd series of bonds, which has a Lucky Draw on 15th December, 2022. In this case, the last date to participate in this series is 12th November. After that, you can participate in the next series and so on.&#x20;

This way, you can purchase a bond and participate whenever you want.

The process remains the same when you purchase Bonds of $500, $1,000, & 10,000 but the locking date and Lucky Draw date change as follows:

### *<mark style="color:green;">2.</mark>* <mark style="color:green;"></mark><mark style="color:green;">$500 Denomination Bond</mark>

| Series              | Series A                        | Series B                        |
| ------------------- | ------------------------------- | ------------------------------- |
| **Issuing Period**  | 1st to 15th Day of Every Month  | 16th to 30th Day of Every Month |
| **Locking Date**    | 15th Day of a month             | 30th Day of a Month             |
| **Lucky Draw Date** | 15th Day of the following month | 30th of Following Month         |

***Note:*** *Actual issuance period, locking and lucky draw dates will be published on the DApp for each series of every denomination bond.*

### <mark style="color:green;">3. $1,000 Denomination Bond</mark>

| Series              | Series A                        |
| ------------------- | ------------------------------- |
| **Issuing Period**  | 1st to 30th Day of Every Month  |
| **Locking Date**    | 30th Day of a month             |
| **Lucky Draw Date** | 30th Day of the Following Month |

**Note:** Actual issuance period, locking and lucky draw dates will be published on the DApp for each series of every denomination bond.

### <mark style="color:green;">4. $10,000 Denomination Bond</mark>

| Series              | Series A                                                                     |
| ------------------- | ---------------------------------------------------------------------------- |
| **Issuing Period**  | 1st one and a Half Month of the Quarter (before the start of locking period) |
| **Locking Date**    | 45 Days before Lucky draw Date                                               |
| **Lucky Draw Date** | 30th Day of every third Month                                                |

**Note:** Actual issuance period, locking and lucky draw dates will be published on the DApp for each series of every denomination bond.


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