Uganda government bonds · auction 22 Jan 2025 · UGX
Uganda bond auction, 22 Jan 2025: 20-year at 17.89%
3 bond lines from the Bank of Uganda (for the Ministry of Finance)’s own result. Rates are the yield at the cut-off price, percent per annum. Information, not advice.
Headline: 20-year bond
17.89%
Largest amount accepted at this auction
Change vs previous 20-year sale
+39 bp
17.50% on 27 Nov 2024
Accepted
UGX 1,047.0bn
Against UGX 990.0bn on offer
Bid cover
1.69×
Bids of UGX 1,765.4bn ÷ accepted
Results
Every line, 3 in all
Amounts in UGX millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same tenor, whenever it was. Bid cover is bids received divided by the amount accepted.
- 3-yearUG12J1301280matures 13 Jan 2028
- Coupon
- 14.125%
- Rate
- 16.550%
- Previous
- 15.800% 2024-11-27
- Change, bp
- +75
- Offered, UGXm
- 230,000
- Bids, UGXm
- 324,785
- Accepted, UGXm
- 176,285
- Bid cover
- 1.84×
- Source
- notice
- 10-yearUG12K2206346matures 22 Jun 2034
- Coupon
- 14.250%
- Rate
- 17.100%
- Previous
- 16.500% 2024-11-27
- Change, bp
- +60
- Offered, UGXm
- 330,000
- Bids, UGXm
- 453,069
- Accepted, UGXm
- 187,669
- Bid cover
- 2.41×
- Source
- notice
- 20-yearUG12L1806433matures 18 Jun 2043
- Coupon
- 15.000%
- Rate
- 17.890%
- Previous
- 17.500% 2024-11-27
- Change, bp
- +39
- Offered, UGXm
- 430,000
- Bids, UGXm
- 987,573
- Accepted, UGXm
- 683,073
- Bid cover
- 1.45×
- Source
- notice
| Bond | Coupon | Rate | Previous | Change, bp | Offered, UGXm | Bids, UGXm | Accepted, UGXm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|
| 3-yearUG12J1301280matures 13 Jan 2028 | 14.125% | 16.550% | 15.800% 2024-11-27 | +75 | 230,000 | 324,785 | 176,285 | 1.84× | notice |
| 10-yearUG12K2206346matures 22 Jun 2034 | 14.250% | 17.100% | 16.500% 2024-11-27 | +60 | 330,000 | 453,069 | 187,669 | 2.41× | notice |
| 20-yearUG12L1806433matures 18 Jun 2043 | 15.000% | 17.890% | 17.500% 2024-11-27 | +39 | 430,000 | 987,573 | 683,073 | 1.45× | notice |
Source notice: bou.or.ug. Compiled by Afronomics, data updated 2026-10-28. Information, not advice.
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Afronomics (2026). Uganda government bond auction, 22 Jan 2025, compiled from the Bank of Uganda (for the Ministry of Finance). Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/uganda/2025-01-22