Invitation to Tender for Government of Uganda Bond Conversion Auctions
Invitation to Tender for Government of Uganda Bond Conversion Auctions -Bank of Uganda invites applications from willing current holders of Treasury bond number UG12J1801248 14.000% 18-JAN-2024 to participate in the conversion auctions into the existing on-the-run bonds as per details below:
BID SUBMISSION INFORMATION:
All bids to convert should be submitted by commercial banks to Bank of Uganda through the Central
Securities Depository (CSD) system by 10.00am on Wednesday 23 August 2023 (in addition, a
Conversion Auction Bid Form (CSD Form 2A) should be emailed to Bank of uganda through the
following email address: finmarkets@bou.or.ug)
Minimum Competitive Bid Amount is UGX 200,100,000/- (and increments of UGX 100,000/-) per regular auctions. Prices for the Destination Bond must be expressed in amount per 100/= with 3 decimal places e.g. 99.999 per 100. A maximum of one bid per destination bond is allowed per CSD account holder (the maximum number of bids that can be submitted in the four (4) auctions is four (4) corresponding to the four (4) destination bonds).
For each destination bond (auction), ALL successful bids will be allocated at one price, the auction lowest price per 100 (corresponding to the auction highest accepted yield).
Bank of Uganda reserves the right to increase or reduce the amount offered for auction and accept or reject any or all applications in part or in whole.