Uganda Development Bank Weighs $500 Million Foreign-Debt Sales

State-owned Uganda Development Bank plans to tap the international capital market for $500 million over the next three years and has engaged Paris-based Global Sovereign Advisory to guide the process.

“The bank is actively exploring opportunities in the international debt capital markets, with the issuance of bonds being one of the proposed instruments,” said Sumin Namaganda, UDB senior manager for corporate affairs. “Subject to favorable market conditions, the bank anticipates moving forward with such an issuance around 2026.”