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Bank of Uganda Announces Auction of 15-Year Treasury Bond with Attractive Yield Prospects

Bank of Uganda Announces Auction of 15-Year Treasury Bond with Attractive Yield Prospects

May 3, 2024

In a move that signals confidence in the nation’s economic stability and growth prospects, the Bank of Uganda (BoU) has officially announced the auction of a 15-year treasury bond. This long-term investment opportunity is scheduled for May 15, 2024, and is expected to draw significant interest from both local and international investors.

CPA Uganda April Intake

Bank of Uganda Announces Auction of 15-Year Treasury Bond with Attractive Yield Prospects

 

The treasury bond, carrying the code UG12K1405378, boasts a coupon rate of 16%, which is among the highest in the region. This reflects the government’s commitment to offering competitive returns to investors while securing funds for infrastructural development and other long-term projects.

With an expected yield of approximately 15.8% or higher on the settlement date of May 16, 2024, the bond presents a lucrative option for those looking to diversify their portfolios and secure stable, long-term returns. The high yield also compensates for inflationary pressures, making it an attractive hedge against the rising cost of living.


The auction is part of BoU’s broader strategy to manage the country’s debt profile effectively and to finance the budget deficit in a sustainable manner. It also aligns with the government’s efforts to deepen the domestic financial market and to promote a savings culture among Ugandans.

CPA Uganda April Intake 2024

Investors interested in participating in the auction are advised to consult with their financial advisors and to review the terms and conditions outlined in the bond prospectus available on the Bank of Uganda’s official website. The prospectus provides detailed information on the bond’s features, including its maturity date, interest payment schedule, and redemption process.

As the auction date approaches, the financial community eagerly anticipates the results, which will serve as an indicator of investor confidence and the perceived stability of Uganda’s economy. The successful issuance of this bond would mark a significant milestone for the BoU and the nation at large, paving the way for future financial instruments that support the country’s development agenda.

For more information on the 15-year treasury bond auction and to access the bond prospectus, interested parties are encouraged to visit the Bank of Uganda’s official website or contact their designated financial institutions.

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