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)
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Keywords: UGANDA TBONDS/