Uganda Treasury bills · auction of 8 October 2020
Uganda T-bill auction, 8 October 2020: 364-day at 12.00%, down 5 bps
At the Treasury bill auction dated 8 October 2020, the Bank of Uganda cleared the 91-day bill at 7.14% (down 60 basis points), the 182-day bill at 9.36% (down 11 basis points) and the 364-day bill at 12.00% (down 5 basis points). The rate shown is the money-market yield at the cut-off price.
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 45 basis points more than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,200,000 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 11,200,000 after 12 months: UGX 1,200,000 in interest before any withholding tax, about UGX 100,000 a month.
That is UGX 5,000 less than the same money would have earned at the previous auction.
For shorter money: UGX 468,000 on the 182-day bill (6 months), UGX 178,600 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 11,200,000 baada ya miezi 12: riba ya UGX 1,200,000 kabla ya kodi yoyote ya zuio, yaani takriban UGX 100,000 kwa mwezi.
Hiyo ni UGX 5,000 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 | 7.144% | 7.748% | — | — | UGX 22.39bn |
| 182-day | 9.360% | 9.474% | — | — | UGX 41.55bn |
| 364-day | 12.000% | 12.050% | — | — | UGX 284.10bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 8 October 2020, compiled from the Bank of Uganda. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2020-10-08
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