Uganda government bonds · auction 21 Jan 2026 · UGX
Uganda bond auction, 21 Jan 2026: 15-year at 16.48%
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: 15-year bond
16.48%
Largest amount accepted at this auction
Change vs previous 15-year sale
−127.5 bp
17.75% on 26 Nov 2025
Accepted
UGX 1,569.0bn
Against UGX 1,050.0bn on offer
Bid cover
2.63×
Bids of UGX 4,125.8bn ÷ 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.
- 2-yearUG12J1301280matures 13 Jan 2028
- Coupon
- 14.125%
- Rate
- 15.100%
- Previous
- 15.750% 2025-11-26
- Change, bp
- −65
- Offered, UGXm
- 250,000
- Bids, UGXm
- 520,330
- Accepted, UGXm
- 100,830
- Bid cover
- 5.16×
- Source
- notice
- 5-yearUG12H0108300matures 1 Aug 2030
- Coupon
- 15.500%
- Rate
- 15.500%
- Previous
- 16.250% 2025-11-26
- Change, bp
- −75
- Offered, UGXm
- 350,000
- Bids, UGXm
- 396,697
- Accepted, UGXm
- 90,247
- Bid cover
- 4.40×
- Source
- notice
- 15-yearUG12K2306393matures 23 Jun 2039
- Coupon
- 15.800%
- Rate
- 16.475%
- Previous
- 17.750% 2025-11-26
- Change, bp
- −127.5
- Offered, UGXm
- 450,000
- Bids, UGXm
- 3,208,820
- Accepted, UGXm
- 1,377,948
- Bid cover
- 2.33×
- Source
- notice
| Bond | Coupon | Rate | Previous | Change, bp | Offered, UGXm | Bids, UGXm | Accepted, UGXm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2-yearUG12J1301280matures 13 Jan 2028 | 14.125% | 15.100% | 15.750% 2025-11-26 | −65 | 250,000 | 520,330 | 100,830 | 5.16× | notice |
| 5-yearUG12H0108300matures 1 Aug 2030 | 15.500% | 15.500% | 16.250% 2025-11-26 | −75 | 350,000 | 396,697 | 90,247 | 4.40× | notice |
| 15-yearUG12K2306393matures 23 Jun 2039 | 15.800% | 16.475% | 17.750% 2025-11-26 | −127.5 | 450,000 | 3,208,820 | 1,377,948 | 2.33× | 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, 21 Jan 2026, compiled from the Bank of Uganda (for the Ministry of Finance). Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/uganda/2026-01-21