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Uganda's five-year Treasury bond yield declines to 12.2 pct

KAMPALA, Oct 10 (Reuters) - - The weighted average yield on Uganda's five bonds fell at an oversubscribed auction worth a 100 billion shillings ($38.83 million) on Wednesday.

Bank of Uganda said the yield on the five-year security fell to 12.2 percent, down from 13.9 percent the bond fetched at its last auction on August 15.

Following are the results: FIVE-YEAR, FIXED-RATE BOND COUPON RATE: 10.75 percent

TENDERED BIDS: 149.89 billion shillings

ACCEPTED BIDS: 100.00 billion shillings

YIELD TO MATURITY: 12.1565 percent

BID TO COVER RATIO: 1.499

REDEMPTION DATE: October 5, 2017.

($1 = 2575.0000 Ugandan shillings)

(Reporting by Elias Biryabarema; Editing by James Macharia)

((nairobi.newsroom@reuters.com)(+254 202 224 717))

Keywords: UGANDA TBONDS/