The Bank of Uganda Treasury Bond and Treasury Bill Auction Calendar provides the scheduled dates for Uganda Government securities auctions during the financial year.
Investors can use the calendar to see when Treasury Bond and Treasury Bill auctions are expected, the securities scheduled for each auction, and the corresponding settlement dates.
Below is the Bank of Uganda Government Securities Auction Calendar for FY 2026/27, covering July 2026 to June 2027.
Important: The Treasury Bonds indicated for future auctions are indicative. Bank of Uganda may change them to other securities with similar maturities or issue new securities depending on market conditions. Investors should check the announcement for each individual auction before participating.
Bank of Uganda Auction Calendar 2026/27
| Auction Date | Security Type | Scheduled Securities | Settlement Date | Status |
|---|---|---|---|---|
| 1 Jul 2026 | Treasury Bonds | 2-Year, 5-Year, 15-Year | 2 Jul 2026 | Completed |
| 8 Jul 2026 | Treasury Bills | 91, 182 & 364 days | 9 Jul 2026 | Completed |
| 15 Jul 2026 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 16 Jul 2026 | Completed |
| 22 Jul 2026 | Treasury Bills | 91, 182 & 364 days | 23 Jul 2026 | Completed |
| 29 Jul 2026 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 30 Jul 2026 | Completed |
| 5 Aug 2026 | Treasury Bills | 91, 182 & 364 days | 6 Aug 2026 | Completed |
| 12 Aug 2026 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 13 Aug 2026 | Completed |
| 19 Aug 2026 | Treasury Bills | 91, 182 & 364 days | 20 Aug 2026 | Completed |
| 26 Aug 2026 | Treasury Bonds | 2-Year, 5-Year, 15-Year | 27 Aug 2026 | Completed |
| 2 Sep 2026 | Treasury Bills | 91, 182 & 364 days | 3 Sep 2026 | Completed |
| 9 Sep 2026 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 10 Sep 2026 | Completed |
| 16 Sep 2026 | Treasury Bills | 91, 182 & 364 days | 17 Sep 2026 | Completed |
| 23 Sep 2026 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 24 Sep 2026 | Upcoming |
| 30 Sep 2026 | Treasury Bills | 91, 182 & 364 days | 1 Oct 2026 | Upcoming |
| 7 Oct 2026 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 8 Oct 2026 | Upcoming |
| 14 Oct 2026 | Treasury Bills | 91, 182 & 364 days | 15 Oct 2026 | Upcoming |
| 21 Oct 2026 | Treasury Bills | 91, 182 & 364 days | 22 Oct 2026 | Upcoming |
| 28 Oct 2026 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 29 Oct 2026 | Upcoming |
| 4 Nov 2026 | Treasury Bills | 91, 182 & 364 days | 5 Nov 2026 | Upcoming |
| 11 Nov 2026 | Treasury Bills | 91, 182 & 364 days | 12 Nov 2026 | Upcoming |
| 18 Nov 2026 | Treasury Bills | 91, 182 & 364 days | 19 Nov 2026 | Upcoming |
| 25 Nov 2026 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 26 Nov 2026 | Upcoming |
| 2 Dec 2026 | Treasury Bills | 91, 182 & 364 days | 3 Dec 2026 | Upcoming |
| 9 Dec 2026 | Treasury Bills | 91, 182 & 364 days | 10 Dec 2026 | Upcoming |
| 16 Dec 2026 | Treasury Bills | 91, 182 & 364 days | 17 Dec 2026 | Upcoming |
| 23 Dec 2026 | Treasury Bills | 91, 182 & 364 days | 24 Dec 2026 | Upcoming |
| 30 Dec 2026 | Treasury Bills | 91, 182 & 364 days | 31 Dec 2026 | Upcoming |
| 6 Jan 2027 | Treasury Bills | 91, 182 & 364 days | 7 Jan 2027 | Upcoming |
| 13 Jan 2027 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 14 Jan 2027 | Upcoming |
| 20 Jan 2027 | Treasury Bills | 91, 182 & 364 days | 21 Jan 2027 | Upcoming |
| 27 Jan 2027 | Treasury Bills | 91, 182 & 364 days | 28 Jan 2027 | Upcoming |
| 3 Feb 2027 | Treasury Bills | 91, 182 & 364 days | 4 Feb 2027 | Upcoming |
| 10 Feb 2027 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 11 Feb 2027 | Upcoming |
| 17 Feb 2027 | Treasury Bills | 91, 182 & 364 days | 18 Feb 2027 | Upcoming |
| 24 Feb 2027 | Treasury Bonds | 2-Year, 5-Year, 15-Year | 25 Feb 2027 | Upcoming |
| 3 Mar 2027 | Treasury Bills | 91, 182 & 364 days | 4 Mar 2027 | Upcoming |
| 10 Mar 2027 | Treasury Bills | 91, 182 & 364 days | 11 Mar 2027 | Upcoming |
| 17 Mar 2027 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 18 Mar 2027 | Upcoming |
| 24 Mar 2027 | Treasury Bills | 91, 182 & 364 days | 25 Mar 2027 | Upcoming |
| 31 Mar 2027 | Treasury Bills | 91, 182 & 364 days | 1 Apr 2027 | Upcoming |
| 7 Apr 2027 | Treasury Bills | 91, 182 & 364 days | 8 Apr 2027 | Upcoming |
| 14 Apr 2027 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 15 Apr 2027 | Upcoming |
| 21 Apr 2027 | Treasury Bills | 91, 182 & 364 days | 22 Apr 2027 | Upcoming |
| 28 Apr 2027 | Treasury Bills | 91, 182 & 364 days | 29 Apr 2027 | Upcoming |
| 5 May 2027 | Treasury Bills | 91, 182 & 364 days | 6 May 2027 | Upcoming |
| 12 May 2027 | Treasury Bonds | 3-Year, 10-Year, 20-Year | 13 May 2027 | Upcoming |
| 19 May 2027 | Treasury Bills | 91, 182 & 364 days | 20 May 2027 | Upcoming |
| 26 May 2027 | Treasury Bills | 91, 182 & 364 days | 27 May 2027 | Upcoming |
| 2 Jun 2027 | Treasury Bills | 91, 182 & 364 days | 4 Jun 2027 | Upcoming |
| 10 Jun 2027 | Treasury Bonds | 2-Year, 5-Year, 15-Year, 25-Year | 11 Jun 2027 | Upcoming |
| 16 Jun 2027 | Treasury Bills | 91, 182 & 364 days | 17 Jun 2027 | Upcoming |
| 23 Jun 2027 | Treasury Bills | 91, 182 & 364 days | 24 Jun 2027 | Upcoming |
The FY 2026/27 Bank of Uganda calendar schedules government securities auctions throughout the financial year and identifies the Treasury Bond maturities expected at the relevant bond auctions.
Treasury Bonds vs Treasury Bills on the Auction Calendar
Bank of Uganda issues both Treasury Bonds and Treasury Bills as government securities, but they have different maturity periods.
Treasury Bills are shorter-term government securities. The auction calendar covers:
- 91-day Treasury Bills
- 182-day Treasury Bills
- 364-day Treasury Bills
Treasury Bonds have longer maturities. The FY 2026/27 calendar includes scheduled auctions across maturities including:
- 2-Year
- 3-Year
- 5-Year
- 10-Year
- 15-Year
- 20-Year
- 25-Year
Not every Treasury Bond maturity is offered at every auction.
How to Use the Bank of Uganda Auction Calendar
The calendar is useful for investors who want to know when government securities are expected to come to auction.
For each scheduled auction, check:
Auction Date
This is the scheduled date on which the auction takes place.
Securities
This shows whether the auction is for Treasury Bills or Treasury Bonds and, for bond auctions, the maturities currently indicated.
Settlement Date
Settlement takes place after the auction and is the date indicated for settlement of successful transactions.
Auction Announcement
The financial-year calendar should be used for planning.
Before participating in a specific auction, investors should check the individual auction announcement because it confirms the securities and terms applicable to that auction.
Are Future Treasury Bonds on the Calendar Confirmed?
Not necessarily.
The Bank of Uganda calendar states that the bonds indicated are indicative and may be changed to other suitable bonds with similar maturities or new issues if market conditions warrant.
This means the annual calendar is useful for planning, but investors should use the individual auction announcement to confirm exactly what is being offered.
An auction may involve a new Treasury Bond or the reopening of an existing Treasury Bond.
A new bond introduces a new government security.
A reopening involves issuing additional amounts of an existing Treasury Bond.
What Happens Before a Treasury Bond Auction?
Before an auction, Bank of Uganda publishes information confirming the securities being offered and the relevant auction details.
Depending on the security, information may include:
- Treasury Bond tenor
- ISIN
- Coupon rate for an existing bond
- Maturity date
- Auction date
- Settlement date
- Bid submission information
The annual calendar helps investors plan ahead, while the individual auction announcement provides the specific information required for that auction.
What Happens After a Treasury Bond Auction?
After an auction, Bank of Uganda publishes the auction results.
Some of the figures investors may see in Treasury Bond auction results include:
Yield at Cut-Off
The cut-off yield represents the yield level resulting from successful competitive bids at that auction.
It should not be confused with the bond’s coupon rate.
Amount Offered
The amount the government offered through the security.
Amount Tendered
The amount investors attempted to invest through bids submitted for the security.
Amount Accepted
The amount ultimately accepted through the auction.
Bid-to-Cover Ratio
The bid-to-cover ratio compares demand received with the amount accepted or offered, depending on how the particular result is presented.
Following auction results over time can help investors understand changes in yields and demand for Uganda Government securities.
What Are the Current Treasury Bond Rates in Uganda?
The auction calendar tells you when auctions are scheduled. It does not tell you what yield will result from a future auction.
Treasury Bond yields are determined through the market and can change from one auction to another.
The coupon rate and yield are also different.
A bond’s coupon rate determines the coupon payments attached to the security, while its yield reflects the return based on the price and terms at which the bond is acquired.
For current and historical auction yields, see:
Do All Treasury Bonds Come Up for Auction at the Same Time?
No.
Different Treasury Bond maturities are scheduled for different auctions.
For example, the FY 2026/27 calendar includes auctions involving combinations such as:
3-Year, 10-Year and 20-Year Treasury Bonds
and
2-Year, 5-Year, 15-Year and 25-Year Treasury Bonds.
The securities available at a particular auction should always be confirmed using the relevant auction announcement.
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.
Can Bank of Uganda Auction Dates Change?
The calendar provides the scheduled dates for the financial year.
However, schedules and securities may be revised.
Investors should therefore check the latest Bank of Uganda information or the relevant auction announcement before making decisions based on a scheduled auction.
This page reflects the FY 2026/27 calendar and will only require changes where Bank of Uganda makes a material revision to the published schedule.
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 an investor interested in Treasury Bonds does not necessarily have to wait for the next Bank of Uganda auction.
Available Treasury Bonds can differ by:
- Coupon rate
- Yield
- Price
- Maturity date
- Remaining investment period
Through Level Africa, investors can explore Treasury Bonds currently available for investment.
Treasury Bond Auction Calendar vs Available Treasury Bonds
These serve different purposes.
The Bank of Uganda auction calendar tells investors when government securities auctions are scheduled.
The available Treasury Bonds on Level Africa show Treasury Bond opportunities currently available through the platform.
A Treasury Bond may remain available through the secondary market even after its original auction has taken place.
Investors interested in owning Treasury Bonds therefore do not necessarily need to wait for the next date on the auction calendar.
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 verification.
2. Fund Your Wallet
Add money to your Level wallet using the available funding options.
3. Choose a Treasury Bond
Explore available Treasury Bonds and review information including yield, coupon rate, price, maturity and other applicable terms.
4. Invest & Track
Complete your investment and track it through your Level dashboard.
Treasury Bond opportunities available through Level Africa start from UGX 100,000, subject to the minimum and terms of the particular opportunity.
Frequently Asked Questions
When is the next Bank of Uganda Treasury Bond auction?
The next auction should be determined from the FY 2026/27 auction calendar above. The Next Auction section automatically displays the nearest scheduled auction that has not yet taken place.
Where can I find the Bank of Uganda Treasury Bond auction calendar?
The FY 2026/27 schedule is provided on this page, covering scheduled Treasury Bond and Treasury Bill auctions from July 2026 through June 2027.
How often does Bank of Uganda hold government securities auctions?
Government securities auctions are scheduled throughout the financial year. Treasury Bills and Treasury Bonds have separate scheduled auction dates, as shown in the calendar above.
What Treasury Bill maturities are auctioned in Uganda?
The calendar covers 91-day, 182-day and 364-day Treasury Bills.
What Treasury Bond maturities are included in the FY 2026/27 calendar?
The calendar includes scheduled Treasury Bond auctions across 2-Year, 3-Year, 5-Year, 10-Year, 15-Year, 20-Year and 25-Year maturities.
Are the same Treasury Bonds offered at every auction?
No. Different maturities are scheduled at different auctions, and Bank of Uganda may change the indicated securities.
What does reopening a Treasury Bond mean?
A reopening involves issuing an additional amount of an existing Treasury Bond rather than creating an entirely new security.
When are Treasury Bond auction results released?
Auction results are published after the auction. Investors should check the relevant results publication for the confirmed yields, amounts tendered and accepted, and other auction information.
What is the difference between a coupon rate and a Treasury Bond yield?
The coupon rate determines the coupon payments attached to the bond. The yield reflects the return associated with the price and terms at which the bond is acquired. They should not be treated as the same figure.
Do I have to wait for a Bank of Uganda auction to buy Treasury Bonds?
No. Previously issued Treasury Bonds may also be available through the secondary market.
Can I invest in Treasury Bills through Level Africa?
Level Africa currently offers Treasury Bonds, not Treasury Bills. Treasury Bill information on this calendar is provided to help investors follow the wider Uganda Government securities auction schedule.
What is the minimum investment in Treasury Bonds through Level Africa?
Treasury Bond opportunities available through Level Africa start from UGX 100,000, subject to the terms and minimum investment requirement of the particular opportunity.