Treasury bills and bonds in Uganda: guides, rates and calculators

Treasury bills and bonds are loans you make to the Government of Uganda, sold by the Bank of Uganda at public auctions. Bills last 91, 182 or 364 days and are bought below face value; bonds last from two to twenty-five years and pay interest twice a year.

They are commonly used by Ugandans who want a fixed return with very low risk of not being paid back. You buy them through a Central Securities Depository account, opened directly with the Bank of Uganda or through a commercial bank, and you can bid through any bank for a non-competitive bid accepted at the auction price.

The return is set at each auction, so it changes with interest rates. Withholding tax is taken from what you earn, at a lower rate for bonds of ten years or more. Selling a bond before it matures is possible, but the price can be higher or lower than you paid.

Below are today's auction yields with their dates, the guides that explain each step, and calculators that show what a specific amount would cost and pay back.