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

ISSUED UNDER PUBLIC FINANCE MANAGEMENT ACT 2015

ISSUE NO 1205

INVITATION TO TENDER

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

OFFERING AMOUNT:

DESCRIPTION OF OFFERING:

USN
U61H92108253
91 DAYS
25,000,000,000/=

USN
U61HC2011257
182 DAYS
75,000,000,000/=

USN
U61I2E108261
364 DAYS
255,000,000,000/=

AUCTION DATE:
Wednesday May 21, 2025.

SETTLEMENT DATE:
Thursday May 22, 2025.

MATURITY DATE:
91 DAYS
21-Aug-2025

182 DAYS
20-Nov-2025

AUCITION INFORMATION

364 DAYS
21-May-2026

Primary Dealers (PDs) and other commercial banks should submit all bids to Bank of Uganda through the Central Securities Depository (CSD) by 10.00am, Wednesday May 21, 2025.

Minimum Competitive Bid Amount (ONLY BY PRIMARY DEALERS):
200,100,000/=

Minimum Non-Competitive Bid Amount (THROUGH ANY COMMERCIAL BANK):
100,000/=

PRICING AND SUBMISSION OF BIDS:

• Competitive Bids (by PDs): Prices must be expressed with 3 decimal places 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.ac.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; DFGU BANK; EQUITY BANK; HOUSING FINANCE BANK; STANBIC BANK & STANDARD CHARTERED BANK.

MANAGEMENT
Thursday 15. May 2025
Plot 37/45 Kampala Road, P.O. Box 7120, Kampala
Tel: 256-414-258441/6, 2580840/312-392000/417-302000
Telex: 61059/61244
Fax: +256-414-233818
Website: www.bou.or.ug;
E-mail address: procurement@bou.or.ug

Additional Job Description (Based on Central Bank Treasury Operations):

The Bank of Uganda Treasury Bills Auction involves the following key responsibilities:

1. Auction Management: Oversee the entire bidding process, ensuring compliance with the Public Finance Management Act 2015.
2. Primary Dealer Coordination: Liaise exclusively with designated Primary Dealers (PDs) for competitive bids and commercial banks for non-competitive bids.
3. Pricing Validation: Verify that competitive bids are submitted with precise 3-decimal-place pricing (e.g., 99.999) and non-competitive bids adhere to the 200,000,000/= limit.
4. Settlement & Allocation: Ensure successful bids are settled on May 22, 2025, and allocated at a uniform cut-off price.
5. Regulatory Compliance: Reserve the right to adjust auction amounts or reject bids as per monetary policy objectives.
6. Public Communication: Disseminate auction results and maturity details (e.g., 91-day bills mature on August 21, 2025) via the Bank’s website and official notices.