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The first winning bond number drawn was 333XB827779 and belongs to a winner in Outer London. The jackpot winner holds £50,000 in premium bonds and purchased the winning bond in June 2018.
Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. As of 2019, each person may own bonds up to £50,000. [4] Since 1 February 2019, the minimum purchase amount for Premium Bonds has been £25. As of September 2023 there are over 121 billion eligible Premium Bonds, each having a value of £1.
Originally bonds could be purchased as in units of five Irish pounds, with a minimum purchase of £10. Today the unit price is 6.25 Euros (equivalent to IR£4.92 at the final fixed exchange rate) and a minimum purchase of €25 is required. In September 2009 the Prize Bond fund exceeded €1bn for the first time. [3]
Lottery bonds are usually issued in a period where investor zeal is low and the government may see an issue failing to sell. By knowing ahead of time when the coupons will be paid and how many bonds will be redeemed at the original value and at the lottery value, the issuer can value the bond accurately and know ahead of time the cost of the borrowing.
Scottish Highlands and Wandsworth have new millionaires this month.
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Each raffle number consisted of a colour and eight numbers (e.g. AQUA 4579 2965), and each winning raffle number won a fixed amount of £20,000. Until October 2015, 50 raffle numbers were drawn with each Lotto draw and the number of raffle winners increased by 50 each time the Lotto jackpot rolled over, with as many as 250 raffle winners in the ...
The number of higher cash prizes for bondholders is set to increase in next week’s draw