Bank of Uganda Treasury Bills Auction Results September 2025 Issue No. 1213

The Bank of Uganda has released the results of its treasury bills auction held on Wednesday, 10 September 2025 (Auction No. 1213). Here’s a simple breakdown of the performance across the 91-day, 182-day, and 364-day maturities.
Auction Overview
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Auction Date: Wednesday, 10 September 2025
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Settlement Date: Thursday, 11 September 2025
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Maturities Offered: 91 days, 182 days, 364 days
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Total Amount Offered: UGX 355 billion
Treasury Bills Results – 10 September 2025
91-Day Treasury Bill
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Amount Offered: UGX 25 billion
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Amount Tendered: UGX 46.53 billion
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Amount Accepted: UGX 25.61 billion
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Cut-off Price: 97.567
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Effective Yield: 10.38%
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Maturity Date: 11 December 2025
182-Day Treasury Bill
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Amount Offered: UGX 75 billion
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Amount Tendered: UGX 86.49 billion
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Amount Accepted: UGX 12.74 billion
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Cut-off Price: 93.912
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Effective Yield: 13.00%
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Maturity Date: 12 March 2026
364-Day Treasury Bill
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Amount Offered: UGX 255 billion
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Amount Tendered: UGX 464.06 billion
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Amount Accepted: UGX 347.18 billion
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Cut-off Price: 86.799
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Effective Yield: 15.25%
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Maturity Date: 10 September 2026
What These Results Mean
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Strong Demand: All tenors were heavily oversubscribed, showing investor appetite for short-term government securities.
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Higher Yields: The 364-day treasury bill offered the highest return at 15.25%, making it the most attractive option for investors comfortable locking funds for one year.
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Short-Term Options: The 91-day bill still attracted strong interest, providing investors with liquidity in just three months.
Final Thoughts
The September 2025 treasury bills auction confirms continued investor confidence in Uganda’s government securities. With oversubscription across all maturities, treasury bills remain one of the most reliable short-term investments.
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FAQs
1. Which treasury bill had the highest yield in September 2025?
The 364-day bill with an effective yield of 15.25%.
2. Were the bills oversubscribed?
Yes. All maturities saw higher demand than the amounts offered.
3. What was the minimum investment?
UGX 100,000 for non-competitive bids.
4. How often are treasury bill auctions held?
Every two weeks, as per the Bank of Uganda auction calendar.
5. How do treasury bill results affect investors?
They show the yields investors can expect if they participate in similar future auctions.