The Bank of Uganda has invited investors and financial institutions to participate in a new treasury bond auction aimed at raising more than UGX 1.4 trillion to support government financing needs.
In a public notice issued under the Public Finance Management Act 2015, the central bank announced the reopening of four Uganda Government Treasury Bonds with varying maturities ranging from two years to 25 years.
According to the notice, the bonds on offer include a two-year bond (ISIN: UG12J1301280) maturing on January 13, 2028, with an offer amount of UGX 250 billion. The five-year bond (ISIN: UG12H0108300) maturing on August 1, 2030 will offer UGX 350 billion.
Longer-term securities will also be available, including a 15-year bond (ISIN: UG12K2306393) maturing on June 23, 2039 with an offer size of UGX 450 billion, and a 25-year bond (ISIN: UG12M0707507) maturing on June 7, 2050 worth UGX 350 billion.
The auction is scheduled for Wednesday, March 18, 2026, with settlement expected on Thursday, March 19, 2026.
All bids must be submitted electronically through the Central Securities Depository system by primary dealer banks and other commercial banks by 10:00 a.m. on the auction day.
Interest on the bonds will be paid semi-annually, while investors will receive the principal amount at maturity. The securities carry withholding tax rates of 20 percent for the two-year and five-year bonds, and 10 percent for the 15-year and 25-year bonds.
The central bank said the minimum investment amount for treasury bonds is UGX 100,000, making the instrument accessible to both institutional and retail investors seeking relatively stable, government-backed returns.
Treasury bonds are widely considered among the safest investment instruments in Uganda because they are backed by the government. They are also tradable on the secondary market, providing liquidity for investors before maturity.
The auction forms part of the government’s domestic borrowing program aimed at financing the national budget while also supporting the development of Uganda’s capital markets.