Uganda offers three-year Treasury bond for auction

KAMPALA: Uganda's central bank on Thursday said it would offer a three-year Treasury bond worth 100 billion shillings ($40 million) for auction on June 20.

The bank said in a statement the bond would have a coupon of 10.25 percent and would mature on June 18, 2015. Interest will be paid semi-annually.

Uganda last sold a three-year Treasury bond on April 25. The average accepted yield at the auction was 15.46 percent, down from 21.09 percent at a previous sale in January.