Uganda Treasury bills · auction of 13 August 2020
Uganda T-bill auction, 13 August 2020: 364-day at 12.25%, down 5 bps
At the Treasury bill auction dated 13 August 2020, the Bank of Uganda cleared the 91-day bill at 8.34% (down 34 basis points), the 182-day bill at 9.95% (unchanged) and the 364-day bill at 12.25% (down 5 basis points). The rate shown is the money-market yield at the cut-off price.
Demand was strong: bids totalled UGX 403.9bn against UGX 245.0bn on offer, 165% of the amount sought, and UGX 266.2bn was accepted.
Over the past year the 364-day rate has ranged from 11.75% to 12.50%.
A year earlier the 364-day bill cleared at 11.55%, so the government is paying 70 basis points more than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,224,600 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 11,224,600 after 12 months: UGX 1,224,600 in interest before any withholding tax, about UGX 102,050 a month.
That is UGX 5,400 less than the same money would have earned at the previous auction.
For shorter money: UGX 497,650 on the 182-day bill (6 months), UGX 208,400 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 11,224,600 baada ya miezi 12: riba ya UGX 1,224,600 kabla ya kodi yoyote ya zuio, yaani takriban UGX 102,050 kwa mwezi.
Hiyo ni UGX 5,400 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 | 8.336% | 8.679% | UGX 15.00bn | UGX 22.02bn | UGX 18.16bn |
| 182-day | 9.953% | 9.953% | UGX 35.00bn | UGX 45.53bn | UGX 45.03bn |
| 364-day | 12.246% | 12.300% | UGX 195.00bn | UGX 336.32bn | UGX 203.02bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 13 August 2020, compiled from the Bank of Uganda. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2020-08-13
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