Corporate Bonds: A missing link for Uganda’s blossoming companies to raise cheap capital

By Mark Muhumuza  It is widely noticed  by consensus  that bonds are considered a boring but rather less complex subject to write or even talk about. This, perhaps, is directly linked to lack of issuance of debt by corporate companies on Uganda’s capital market, even after the existing investor appetite. When a company has to raise capital, it can borrow money from a commercial bank, sell shares by listing on the Uganda Securities Exchange (USE) or privately to a private equity firm and issuing of debt  through a corporate bond. Just like Uganda’s government borrows from the public by issuing treasury bills and bonds, corporate companies can do the…