By Our Reporter
NATIONAL
Bank of Uganda is selling Treasury Bills to the tune of Shs235billion.
This is revealed in a press statement issued today, 18th April, 2024 by the Bank under the title, “Invitation to Tender for Treasury Bills Issue No. 1177, auction scheduled for 24 APRIL 2024.”
All Ugandans are invited to bid for the treasury bills on Wednesday 24th April, 2024 with settlements being made the following day, 25th April.
Bank of Uganda has offered Shs15Billion whose maturity period will be 90 days, Shs40Billion whose maturity period is 182 days and Shs180Billion whose maturity period is 364 days.
This means that the maturity dates are 25th July, 2024 for 90 days, 24th October, 2024 for 182 days and 24th April, 2025 for 364 days.
Primary Dealers (PDs) and other commercial banks are to submit all bids to Bank of Uganda through the Central Securities Depository (CSD) by 10.00am on Wednesday April 24, 2024 with a minimum Competitive Bid Amount Shs200,100,000.
Meanwhile, the Minimum Non-Competitive Bid Amount made through any Commercial bank is Shs100,000.
Bank of Uganda names the current Primary Dealers as; Absa Bank; Citi Bank; Centenary Bank; Dfcu Bank; Equity Bank; Housing Finance Bank; Stanbic Bank & Standard Chartered Bank.
For details prospective bidders are advised to visit the Bank’s official website: www.bou.or.ug.
Individuals interested can open central securities depository (CSD) Accounts in any Commercial Bank, where upon you shall be required to a fill a simple two page form and then transact.
