The Bank of Uganda has released the results of its latest Treasury bond auction, reopening the 3-year, 10-year, and 20-year government securities, highlighting ongoing investor confidence in the country’s debt market.
The auction, conducted on 18 February 2026 with settlement on 19 February 2026, offered three tenors: a 3-year bond maturing in 2028 (ISIN UG12G0607287) with a coupon of 15.55%, a 10-year bond maturing in 2035 (ISIN UG12K0811352) at 16.25%, and a 20-year bond maturing in 2043 (ISIN UG12L1806433) with a 15.00% coupon.
According to the published results, the auction received robust bidding across all tenors, reflecting strong demand for medium- and long-term government debt instruments.
The Bank of Uganda accepted competitive bids based on prevailing yields, providing investors with clarity on expected returns and reinforcing transparency in the securities market.
While the central bank did not disclose the full breakdown of individual bids in the release, the data indicates continued appetite from both institutional and retail investors, signaling confidence in Uganda’s fiscal stability.
Market analysts view the auction as a positive signal for the local debt market. The consistent investor demand supports the government’s borrowing strategy while providing a benchmark for interest rates in the financial sector.
The yields, though competitive, remain attractive relative to regional peers, offering opportunities for portfolio diversification for domestic pension funds, insurance companies, and international investors seeking exposure to Uganda.
The successful reopening of the 3-year, 10-year, and 20-year bonds comes as the Ugandan government continues to prioritize infrastructure funding and public investment, with Treasury securities playing a key role in mobilizing domestic resources.
Investors will closely watch future auctions for indications of yield trends and liquidity conditions in Uganda’s growing capital market.