Uganda Treasury bills · auction of 19 January 2017
Uganda T-bill auction, 19 January 2017: 364-day at 14.80%, down 77 bps
At the Treasury bill auction dated 19 January 2017, the Bank of Uganda cleared the 91-day bill at 13.30% (down 11 basis points), the 182-day bill at 14.22% (down 41 basis points) and the 364-day bill at 14.80% (down 77 basis points). The rate shown is the money-market yield at the cut-off price.
Demand was strong: bids totalled UGX 534.3bn against UGX 165.0bn on offer, 324% of the amount sought, and UGX 165.0bn was accepted.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,479,600 in 12 months on the 364-day bill
Put UGX 10,000,000 into the 364-day bill at this auction and you get back UGX 11,479,600 after 12 months: UGX 1,479,600 in interest before any withholding tax, about UGX 123,300 a month.
That is UGX 76,500 less than the same money would have earned at the previous auction.
For shorter money: UGX 710,900 on the 182-day bill (6 months), UGX 332,450 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Uganda’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka UGX 10,000,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa UGX 11,479,600 baada ya miezi 12: riba ya UGX 1,479,600 kabla ya kodi yoyote ya zuio, yaani takriban UGX 123,300 kwa mwezi.
Hiyo ni UGX 76,500 pungufu ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 13.298% | 13.409% | UGX 10.00bn | UGX 33.11bn | UGX 10.00bn |
| 182-day | 14.218% | 14.628% | UGX 25.00bn | UGX 65.52bn | UGX 25.00bn |
| 364-day | 14.796% | 15.561% | UGX 130.00bn | UGX 435.70bn | UGX 130.00bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 19 January 2017, compiled from the Bank of Uganda. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2017-01-19
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