BANK of Uganda (BOU) will issue a 10-year Government Treasury bond on May 19. The sh15b bond will have an interet rate of 11%.
Joseph Kajubi, the BOU head of domestic markets said the development had been stimulated by the issuance of the three and five year bonds early in the year. The two bonds listed onto the Uganda Securities Exchange were oversubscribed.
Kajubi said, â€œCompetitive bids will be submitted to Barclays, Baroda, dfcu, Stanbic and Standard Chartered banks. Other bidders are encouraged to use primary dealers.â€
10-year bond for May 19