INTEGRATING AND ADVANCING THE REGION’S ECONOMIES

For Investors

Bonds

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Bonds

In issuing local currency bonds, the Bank’s motivation has been to broaden its resource base, deepen the sub-region’s developing financial markets and assist its clientele in mitigating foreign currency risks by funding loans in local currency.

The proceeds of the bonds and notes are invested in the respective countries of issuance. All the bonds so far issued have been listed on their respective Stock Exchanges thereby enhancing their liquidity attributes.

The Bank has successfully issued local currency bonds in Tanzania, Kenya and Uganda. For investment opportunities in these bonds, contact the respective placing agents using the information below.

Uganda Bond

The first Uganda Shillings Bond was issued in March 1999 and fully repaid in 2004.

The Bank established Ugandan shillings 40 billion Medium Term Note Programme in 2009 and subsequently issued the first tranche of notes in October, 2009. The issued Notes have the following features:

Issue date 14th October 2009
Repayment date 14th October 2016
Instrument Fixed Rate bond denominated in Uganda Shillings
Amount Ushs 40,000,000,000
Denomination Ushs 100,000, subject to minimum subscription of Ushs 5,000,000
Tenor Seven (7) years
Interest rate 14% p.a. fixed; 182-day Uganda government Treasury Bill rate plus 1.25%
Repayment Ten (10) equal semi-annual principal instalments
Early Redemption Not allowed
Arranger Stanbic Bank Uganda Limited
Fiscal Agent and register Stanbic Bank Uganda Limited +256 312 224600
Placing Agent African Alliance Limited, +256 414 235 577/3/8

Kenya Bond

The Bank’s debut local currency bond in Kenya was issued in July 2005 and fully repaid in July 2012.

The Bank’s second local currency bond in Kenya has the following features:

Issue date 30th October 2007
Repayment date 31st October 2014
Instrument Floating rate bonds denominated in Kenya Shillings
Amount Kshs 1,000,000,000
Denomination Kshs 1,000,000 and integral multiples of Kshs 1,000,000
Tenor Seven (7) years
Interest rate 182-day Government of Kenya Treasury Bill plus 1% p.a.
Repayment Ten (10) equal semi-annual principal instalments
Early Redemption Allowed on giving atleast 30 days notice
Arranger Stanbic Bank and Stanbic Investment Management Services Limited
Fiscal Agent and register NIC Bank Ltd +254 20 2888405
Placing Agent Suntra Investment Bank Ltd +254 20 2870107/8

Tanzania Bond

The Bank’s Tanzania Shillings 15 billion bond was fully repaid in August 2010.  More issues will be considered subject to demand and prevailing market conditions.

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