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.

1. $100 Denomination Bond

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.

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.

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:

2. $500 Denomination Bond

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.

3. $1,000 Denomination Bond

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.

4. $10,000 Denomination Bond

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.