Uganda cancel bond sale coinciding with drop in oil price

Mutebile - Bank of Uganda Governor

Uganda’s central bank said on Wednesday it cancelled a scheduled auction of two and five-year treasury bonds after would-be investors sought unacceptably high returns.

A total of 180 billion shillings ($65 million) of the re-opened two- and new five-year notes was on offer.

In a statement Bank of Uganda (BoU) said it had scrapped the sale “due to unacceptably very high yields submitted by the investing public.”


About Andrew Kwabena

The Editor of MoneyInAfrica

Leave a Reply