The Bank of Uganda (BoU) has announced a Treasury Bill auction set for Wednesday, December 3, offering a total of Shs 355 billion (approximately $90 million) to investors.

The auction aims to mobilize domestic savings, strengthen financial market stability, and manage liquidity in the country’s banking system.

According to Issue No. 1219, issued under the Public Finance Management Act of 2015, the central bank will auction three maturities of Treasury Bills: Shs 25 billion in 91-day bills maturing on March 5, 2026; Shs 75 billion in 182-day bills maturing on June 4, 2026; and Shs 255 billion in 364-day bills maturing on December 3, 2026. Settlement for successful bids is scheduled for Thursday, December 4.

Treasury Bills are short term, government backed debt securities that pay investors a fixed return at maturity. They are widely used by governments to raise funds for public expenditure while providing a safe investment vehicle for both individual and institutional investors.

BoU says inorder to participate in the auction, investors are required to have a Central Securities Depository (CSD) account through a commercial bank and meet a minimum investment threshold of Shs 100,000. Payments for successful bids are automatically deducted from investors’ accounts, and principal plus interest is returned at maturity.

The Bank encouraged broad participation from both domestic and international investors, noting that these auctions are a key tool to support financial market liquidity and to enhance investor confidence in Uganda’s debt instruments.

This auction comes amid broader efforts by the central bank to maintain financial stability and promote efficient domestic capital markets. Analysts say that consistent Treasury Bill issuances help anchor short-term interest rates and provide a benchmark for other financial instruments in the Ugandan market.