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Treasury bills are risk-free short term financial instruments for investment regularly issued to the public by Government through Bank of Uganda.
The Investment Period for Treasury Bills is short term tenors of: 3 months (91days), 6 months (182 days) and 1 year (364 days).
Any member of the public e.g individuals, companies, SACCOs, Investment Clubs, pension funds etc…) is eligible to invest in treasury bills through any commercial bank like Housing Finance Bank, Absa, Equity Bank, Stanbic Bank etc.
The minimum amount needed to buy Treasury Bills/Bonds is UGX. 100,000 (One hundred thousand shillings only) and are issued in multiples of UGX 100,000.
Treasury bills are considered to have little or practically no risk attached to them (risk free investment). You will definitely get your principle and interest payments. You’re guaranteed a certain rate of return on your investment.
They are useful if you’re looking toward affording the best and complete education for your children or even a good life during retirement. In addition, they can help generate a steady stream of income through periodic interest payments.