BANK OF UGANDA
ISSUE UNDER PUBLIC FINANCE AND ACCOUNTABILITY ACT 2003
ISSUE NO. 038
INVITATION TO TENDER
Bank of Uganda invites application for Uganda Government Treasury Bonds as follows:
DESCRIPTION OF OFFERING
2 YEAR 10.00%  FIXED INTEREST RATE BOND PAYABLE SEMI-ANNUALLY
OFFERING AMOUNT: 30,000,000,000
AUCTION DATE: 13 December 2006
SETTLEMENT DATE: 14 December 2006
INTEREST PAYMENT DATES:

1. June 14,2007                                       3. June 12,2008
2. December 13, 2007                            4. December 11,2008

MATURITY DATE: 11 December 2008
AUCTION INFORMATION:

Receipt of Competitive and Non-Competitve Tenders:
At Head Office                           up to 13th December 2006 prior to 10.00 a.m


Minimum Competitive Bids Amount:              10,100,000
Minimum Non-Competitive Bids Amount:        100,000

Minimum Competitive Bid Amount
Minimum Non Competitive Bid Amount
SUBMISSION OF BIDS:

Competitive Bids                      Prices must be expressed with 3 decimal places e.g 99.999
Non Competitve Bids:              Accepted in full at the WAP up to 10,000,000/= per tenor

SETTLEMENT INFORMATION
All Non-Commercial Bank Bid forms must be endorsed by the investor's Primary Dealers as mandate to debit the primary dealer's clearing account at Bank of Uganda. Commercial banks must submit their sealed bids through their primary dealers.

Upcountry bids must be submitted through the local branch of the investor's primary dealer.

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.

This advertisement is also available on Bank of Uganda's web-site: www.bou.or.ug
N.B  1. A MAXIMUM OF FOUR BIDS PER MATURITY IS ALLOWED FOR COMPETITIVE BIDDERS
         2. ALL BIDS MUST BE SUBMITTED THROUGH PRIMARY DEALERS
         3. NO CHEQUES/ CASH PAYMENTS SHALL BE ALLOWED FOR ALL BIDDERS



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