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.”

Read more at reuters.com

About Andrew Kwabena

The Editor of MoneyInAfrica

Leave a Reply

*