The Bank of Uganda Treasury Bond Auction Calendar provides investors with scheduled dates for government securities auctions during the financial year.
For investors planning to buy Treasury Bonds in Uganda, the calendar can help you know when upcoming auctions are expected, when results are released and when successful investments settle.
Below is the Bank of Uganda Treasury Bond Auction Calendar for FY 2026/27, together with the latest auction updates and what investors should know before participating.
Uganda Treasury Bond Auction Calendar 2026/27
| Auction Date | Treasury Bonds | Settlement Date | Status |
|---|---|---|---|
| 1 July 2026 | 2-Year, 5-Year, 15-Year | 2 July 2026* | Completed |
| 15 July 2026 | 3-Year, 10-Year, 20-Year | 16 July 2026 | Completed |
| 29 July 2026 | 2-Year, 5-Year, 15-Year, 25-Year | 30 July 2026 | Completed |
| 12 August 2026 | 3-Year, 10-Year, 20-Year | 13 August 2026 | Completed |
| 26 August 2026 | 2-Year, 5-Year, 15-Year | 27 August 2026 | Completed |
| 9 September 2026 | 3-Year, 10-Year, 20-Year | 10 September 2026 | Next Auction |
| 23 September 2026 | 2-Year, 5-Year, 15-Year, 25-Year | 24 September 2026 | Upcoming |
| 7 October 2026 | 3-Year, 10-Year, 20-Year | 8 October 2026 | Upcoming |
| 28 October 2026 | 2-Year, 5-Year, 15-Year, 25-Year | 29 October 2026 | Upcoming |
The securities offered at individual auctions can vary. Investors should therefore check the official announcement for each auction to confirm the Treasury Bond tenors, submission deadlines and other terms.
When Is the Next Treasury Bond Auction in Uganda?
The next scheduled Bank of Uganda Treasury Bond auction is Wednesday, 9 September 2026, with settlement scheduled for Thursday, 10 September 2026.
The calendar lists three Treasury Bond tenors for the auction:
- 3-Year Treasury Bond
- 10-Year Treasury Bond
- 20-Year Treasury Bond
3-Year Treasury Bond
ISIN: UG12G0609291
Status: New
Maturity: 6 September 2029
10-Year Treasury Bond
ISIN: UG12K1405378
Coupon Rate: 16.00%
Maturity: 14 May 2037
20-Year Treasury Bond
The calendar lists a new 20-Year Treasury Bond with maturity in August 2046.
Upcoming Treasury Bond Auctions After 9 September
The Bank of Uganda calendar currently includes three additional Treasury Bond auctions after 9 September.
23 September 2026
The auction is scheduled to include:
2-Year, 5-Year, 15-Year and 25-Year Treasury Bonds
Settlement is scheduled for 24 September 2026.
7 October 2026
The auction is scheduled to include:
3-Year, 10-Year and 20-Year Treasury Bonds
Settlement is scheduled for 8 October 2026.
28 October 2026
The auction is scheduled to include:
2-Year, 5-Year, 15-Year and 25-Year Treasury Bonds
Settlement is scheduled for 29 October 2026.
Latest Bank of Uganda Treasury Bond Auction Results
The most recent Treasury Bond auction was held on 26 August 2026, with settlement on 27 August 2026.
The auction involved reopenings of the 2-Year, 5-Year and 15-Year Treasury Bonds.
The latest auction results were:
| Treasury Bond | Yield at Cut-Off | Coupon Rate | Maturity |
|---|---|---|---|
| 2-Year | 11.700% | 15.250% | 16 Nov 2028 |
| 5-Year | 13.750% | 15.000% | 20 May 2032 |
| 15-Year | 15.200% | 15.800% | 23 Jun 2039 |
These results show the yields from that particular auction. Treasury Bond yields can differ across bonds and change as market conditions change.
Read: Bank of Uganda Treasury Bond Auction Results – August 2026
For a continuously maintained explanation of current rates, see Treasury Bond Rates in Uganda.
What Is a Treasury Bond Auction?
A Treasury Bond auction is a process through which government securities are offered to investors.
The Bank of Uganda conducts government securities auctions, including Treasury Bonds of different maturities.
An auction may involve a new Treasury Bond or the reopening of an existing Treasury Bond.
A new bond introduces a new security with its own characteristics.
A reopening involves offering additional amounts of an existing Treasury Bond.
For example, the calendar identifies the 3-Year Treasury Bond scheduled for 9 September 2026 as NEW, while the 10-Year security already has an existing 16.00% coupon and May 2037 maturity.
What Happens Before a Treasury Bond Auction?
Before an auction, investors should look out for the individual auction announcement.
The announcement provides the specific information needed to understand the opportunity.
Depending on the security, this can include:
- Treasury Bond tenor
- ISIN
- Coupon rate for an existing bond
- Maturity date
- Auction date
- Settlement date
- Bid submission information
The calendar helps investors plan ahead, while the individual auction announcement provides the details for that particular auction.
Level Africa also publishes Treasury Bond auction updates as new information becomes available.
What Happens After a Treasury Bond Auction?
Following an auction, results provide information about what happened during the bidding process.
Some of the most important figures for investors include:
Yield at Cut-Off
The cut-off yield helps investors understand the yield level resulting from successful competitive bids.
Amount Offered
This is the amount the government intended to raise through the security.
Amount Tendered
This shows how much investors attempted to invest.
Amount Accepted
This is the amount ultimately accepted through the auction.
Bid-to-Cover Ratio
The bid-to-cover ratio can provide an indication of investor demand for a particular security.
Following these figures over multiple auctions can help investors better understand developments in Uganda’s government securities market.
Do All Treasury Bonds Come Up for Auction at the Same Time?
One of the clearest things shown by the FY 2026/27 calendar is that different Treasury Bond maturities are offered at different auctions.
For example, the calendar currently alternates largely between:
3-Year, 10-Year and 20-Year Treasury Bonds
and
2-Year, 5-Year, 15-Year and, at some auctions, 25-Year Treasury Bonds.
This means an investor looking for a particular maturity should check what is actually scheduled for the upcoming auction.
Not every Treasury Bond tenor will be available at every Bank of Uganda auction.
Do Treasury Bond Auction Dates Change?
The calendar provides scheduled government securities auction dates.
However, investors should still check the latest auction announcement before participating.
The individual announcement provides the relevant terms and confirms the securities being offered.
This page will also be updated as the Bank of Uganda adds further dates to the FY 2026/27 calendar.
Do You Have to Wait for the Next Treasury Bond Auction?
No.
Treasury Bonds that have already been issued can also be bought and sold through the secondary market.
This means you may be able to invest in Treasury Bonds even when there isn’t an active Bank of Uganda auction.
Available Treasury Bonds can have different:
- Coupon rates
- Yields
- Prices
- Maturity dates
- Remaining investment periods
If your objective is to invest in Treasury Bonds rather than participate in a specific auction, you can check the bonds currently available through Level Africa.
View Available Treasury Bonds
Treasury Bond Auction Calendar vs Available Treasury Bonds
These are related, but they are not the same thing.
The Bank of Uganda Treasury Bond Auction Calendar tells you when government securities auctions are scheduled.
The available Treasury Bonds on Level Africa show the Treasury Bond opportunities that investors may currently be able to access.
An existing Treasury Bond may be available on the secondary market even after its Bank of Uganda auction has already taken place.
This means you don’t necessarily have to wait until the next date on the auction calendar before investing.
How to Invest in Treasury Bonds in Uganda
Treasury Bonds are available through Level Africa.
1. Create & Verify
Create your Level account and complete the required identity verification.
2. Fund Wallet
Add money to your Level wallet using the available funding options.
3. Choose a Treasury Bond
Compare available Treasury Bonds based on their yield, coupon rate, price, maturity and other investment terms.
4. Invest & Track
Complete your investment and monitor your Treasury Bonds through your Level dashboard.
Treasury Bond opportunities available through Level Africa start from UGX 100,000, subject to the terms and minimum investment of the particular opportunity.
For the complete process, read How to Buy Treasury Bonds in Uganda: A Step-by-Step Guide.
Don't Want to Wait for the Next Auction?
You don’t have to wait for the next Bank of Uganda auction to explore Treasury Bonds.
Compare Treasury Bonds currently available through Level Africa, including their yields, coupon rates, maturity dates and investment terms.
Frequently Asked Questions
When is the next Treasury Bond auction in Uganda?
The next scheduled Treasury Bond auction is 9 September 2026, with settlement scheduled for 10 September 2026. The Bank of Uganda calendar lists 3-Year, 10-Year and 20-Year Treasury Bonds for the auction.
What Treasury Bonds are coming up for auction?
The next scheduled auction on 9 September includes 3-Year, 10-Year and 20-Year Treasury Bonds. The 23 September auction is scheduled to include 2-Year, 5-Year, 15-Year and 25-Year Treasury Bonds.
Where can I find the Bank of Uganda Treasury Bond Auction Calendar?
The Bank of Uganda publishes a Government Securities Auctions Calendar covering Treasury Bonds and Treasury Bills. Level Africa maintains this Treasury Bond-focused resource to make the relevant bond dates easier for investors to follow.
How often are Treasury Bond auctions held in Uganda?
Treasury Bond auctions are conducted according to the Bank of Uganda government securities auction calendar. The dates and securities offered can vary.
Are the same Treasury Bonds offered at every auction?
No. Different Treasury Bond tenors are offered at different auctions.
What does reopening a Treasury Bond mean?
A reopening involves offering additional amounts of an existing Treasury Bond rather than issuing an entirely new security.
When are Treasury Bond auction results released?
Results are published following Treasury Bond auctions and provide information including accepted bids and yields.
Do I have to wait for the next auction to invest?
No. Existing Treasury Bonds can also be available through the secondary market.
What are the current Treasury Bond rates in Uganda?
There is no single Treasury Bond rate. Different bonds have different coupon rates, yields, prices and maturity dates. See Treasury Bond Rates in Uganda for current information.
What is the minimum investment through Level Africa?
Treasury Bond opportunities available through Level Africa start from UGX 100,000, subject to the terms of the particular opportunity.