ISSUED UNDER PUBLIC FINANCE MANAGEMENT ACT 2015

SCHEDULED AUCTION INVITATION TO TENDER

Bank of Uganda invites applications for Uganda Government Treasury Bonds as follows:

DESCRIPTION OF OFFERING:

AUCTION DATE: Wednesday May 14, 2025
SETTLEMENT DATE: Thursday May 15, 2025

AUCTION INFORMATION:

• All Competitive and Non-Competitive bids should be submitted to Bank of Uganda through the Central Securities Depository (CSD) by 10.00am on May 14, 2025.
• Minimum Competitive Bid Amount: UGX 200,100,000
• Minimum Non-Competitive Bid Amount: UGX 100,000
• Pricing: Both re-opening bonds: Prices per 100 must be expressed with 3 decimal places (e.g., 99.125)
• Non-Competitive Bids: Accepted in full at the cut-off Price up to UGX 200,000,000 per tenor.

OTHER INFORMATION:

• All successful bids (competitive and non-competitive) will be allocated at one price - the auction lowest price per 100 (corresponding to the auction highest accepted yield).
• Bank of Uganda reserves the right to increase or reduce the amount offered for auction or reject any/all applications in part or in whole.
• Prospectus available on Bank of Uganda's website: www.bou.or.ug

PRIMARY DEALER REQUIREMENTS:
ONLY PRIMARY DEALER BANKS are allowed to submit competitive bids. Current Primary Dealers:

• ABSA BANK
• CITI BANK
• CENTENARY BANK
• DFCU BANK
• EQUITY BANK
• HOUSING FINANCE BANK
• STANBIC BANK
• STANDARD CHARTERED BANK

ADDITIONAL CONTEXT:
This auction represents a critical component of Uganda's debt management strategy, offering:

1. 3-Year Bond: Short-term instrument for liquidity management (14.125% coupon)
2. 10-Year Bond: Medium-term infrastructure financing (14.250% coupon)
3. 20-Year Bond: Long-term development funding (15.000% coupon)

Key Features:

• Tax Advantages: Lower withholding tax on longer tenures (10% vs 20%)
• Settlement: T+1 business day after auction
• Market Makers: Primary dealers ensure secondary market liquidity

MANAGEMENT
May 02, 2025

Plot 37/45 Kampala Road, P.O. Box 7120, Kampala. Tel: 256-414-2584416, 258061, 0312-392000, 0417-302000.
Telex: 6105961244; Fax: +256-414-233818 Website: www.bou.or.ug; E-mail address: procurement@bou.or.ug">procurement@bou.or.ug