Uganda Treasury bills · auction of 17 July 2025
Uganda T-bill auction, 17 July 2025: 364-day at 15.25%, unchanged
At the Treasury bill auction dated 17 July 2025, the Bank of Uganda cleared the 91-day bill at 11.49% (unchanged), the 182-day bill at 13.12% (up 99 basis points) and the 364-day bill at 15.25% (unchanged). The rate shown is the money-market yield at the cut-off price.
Demand was strong: bids totalled UGX 842.7bn against UGX 355.0bn on offer, 237% of the amount sought, and UGX 705.8bn was accepted.
Over the past year the 364-day rate has ranged from 13.75% to 15.50%.
A year earlier the 364-day bill cleared at 13.50%, so the government is paying 175 basis points more than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,525,000 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 11,525,000 after 12 months: UGX 1,525,000 in interest before any withholding tax, about UGX 127,083 a month.
That is the same as at the previous auction.
For shorter money: UGX 655,950 on the 182-day bill (6 months), UGX 287,375 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 11,525,000 baada ya miezi 12: riba ya UGX 1,525,000 kabla ya kodi yoyote ya zuio, yaani takriban UGX 127,083 kwa mwezi.
Ni sawa na 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 | 11.495% | 11.499% | UGX 25.00bn | UGX 46.23bn | UGX 5.97bn |
| 182-day | 13.119% | 12.131% | UGX 75.00bn | UGX 87.82bn | UGX 39.07bn |
| 364-day | 15.250% | 15.250% | UGX 255.00bn | UGX 708.62bn | UGX 660.75bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Bank of Uganda” and a link to this page.
Afronomics (2026). Uganda Treasury bill auction, 17 July 2025, compiled from the Bank of Uganda. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2025-07-17
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.