Invitation of applications for Uganda Government Treasury Bills securities tender at Bank of Uganda

ISSUED UNDER PUBLIC FINANCE MANAGEMENT ACT 2015
ISSUE NO 1206

INVITATION TO TENDER

Bank of Uganda invites applications for Uganda Government Treasury Bills securities as follows:

AUCTION INFORMATION

Primary Dealers (PDC) and other commercial banks should submit all bids to Bank of Uganda through the Central Securities Depository (CSD) by 10.00am, Wednesday June 06, 2025.

Minimum Competitive Bill Amount (ONLY BY PRIMARY DEALERS):
Minimum Non-Competitive Bill Amount (THROUGH ANY COMMERCIAL BANK):
300,100,000/=
100,000/=

PRICING AND SUBMISSION OF BIDS:

Competitive Bids (by PDC). Prices are in segments with a decimal place e.g., 99.999.
Non-Competitive Bids: Accepted in full at the cut-off price up to 200,000,000/= per maturity.

OTHER INFORMATION: ALL successful bids (Competitive Bids and Non-Competitive Bids) 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 and accept or reject any or all applications in part or in whole. This advertisement is also available on Bank of Uganda’s website: www.bou.or.ug

PLEASE NOTE THAT ONLY PRIMARY DEALER BANKS ARE ALLOWED TO SUBMIT COMPETITIVE BIDS INTO THE AUCTION. CURRENT PRIMARY DEALERS:

ABSA BANK; CITI BANK; CENTENARY BANK; DFCU BANK; EQUITY BANK; HOUSING FINANCE BANK; STANBIC BANK & STANDARD CHARTERED BANK.

MANAGEMENT

Thursday 29, May 2025

Plot 37/45 Kampala Road, P.O. Box 7120, Kampala. Tel: 256-414-2584416, 258061, 0312-392000, 0417-302000.
Telex: 61059 BANK UG; Fax: +256-414-233818 Website: www.bou.or.ug. E-mail address: procurement@bou.or.ug

Additional Job Description (from Bank of Uganda's real website):

The Bank of Uganda is the central bank of the Republic of Uganda, established in 1966. Its primary mandate is to promote price stability and a sound financial system. The bank is also responsible for issuing currency, managing foreign exchange reserves, and acting as the government's banker and fiscal agent.

In this specific Treasury Bills Auction, the Bank of Uganda is seeking to raise 355 billion Ugandan shillings through the issuance of 91-day, 182-day, and 364-day Treasury Bills. The auction is open to Primary Dealers (PDCs) and other commercial banks, with strict guidelines on competitive and non-competitive bidding.

Key Responsibilities for Primary Dealers:

• Submit bids through the Central Securities Depository (CSD) by the specified deadline.
• Ensure compliance with minimum bid amounts (competitive and non-competitive).
• Adhere to pricing guidelines, with competitive bids requiring precise decimal pricing.
• Monitor auction results, which will be allocated at a uniform price based on the lowest accepted yield.

General Notes:

• The Bank of Uganda retains the discretion to adjust auction amounts and reject bids without explanation.
• All details, including updates, are available on the official website: bou.or.ug.
• For inquiries, contact procurement@bou.or.ug

This tender is part of the bank's broader efforts to manage liquidity, support government financing, and maintain macroeconomic stability in Uganda.