October 2024 Bank Of Uganda Treasury Bond Auctions – What You Need to Know
What Happened in the October 2024 Auctions?
In October, the Bank of Uganda conducted two separate treasury bond auctions:
- On October 2, they reopened 3-year, 10-year, and 20-year bonds.
- On October 31, they reopened 2-year, 5-year, and 15-year bonds.
These reopenings allow the government to raise more funds by offering previously issued bonds.
October 2 Auction – Bonds Reopened
- UG12J1301280 – 14.125% 3-Year Bond maturing 13-Jan-2028
- UG12K2206346 – 14.250% 10-Year Bond maturing 22-Jun-2034
- UG12L1806433 – 15.000% 20-Year Bond maturing 18-Jun-2043
| Bond Term | Maturity Date | Cut-off Yield | Amount Raised |
|---|---|---|---|
| 3-Year | 13-Jan-2028 | 15.50% | UGX 67.00 billion |
| 10-Year | 22-Jun-2034 | 16.25% | UGX 306.60 billion |
| 20-Year | 18-Jun-2043 | 16.875% | UGX 251.10 billion |
October 31 Auction – Bonds Reopened
- UG12G0907265 – 13.500% 2-Year Bond maturing 09-Jul-2026
- UG0000001533 – 14.250% 5-Year Bond maturing 23-Aug-2029
- UG12K2306393 – 15.800% 15-Year Bond maturing 23-Jun-2039
| Bond Term | Maturity Date | Cut-off Yield | Amount Raised |
| 2-Year | 09-Jul-2026 | 15.75% | UGX 329.30 billion |
| 5-Year | 23-Aug-2029 | 16.00% | UGX 546.34 billion |
| 15-Year | 23-Jun-2039 | 16.75% | UGX 475.02 billion |
What These Results Tell Us
- Broad demand across maturities. Investors showed interest in both short- and long-term options.
- The 5-year bond raised the most in October — a sign that many investors are planning around mid-term goals.
- Longer-term bonds offered higher interest, making them attractive for retirement and legacy planning.
Real Example: How Much Can You Earn?
Let’s say you invest UGX 1,000,000 in the 15-year bond at 16.75%:
- You’d earn UGX 167,500 every year, paid in two equal parts
- Over 15 years, that’s UGX 2,512,500 in interest
- You’ll also get your full UGX 1,000,000 back at the end
That’s predictable income — no guesswork, no volatility.
How to Invest in Treasury Bonds via Level Africa
You can now invest in treasury bonds right from your phone using Level Africa.
Here’s how to get started:
- Create an account on Level Africa
- Upload your National ID or Passport (KYC)
- Go to Treasury Bonds under Products
- Choose a bond that fits your financial goal
- Deposit funds into your wallet
- Place your order – bonds marked “Available” can be bought instantly
- Track your earnings and interest online
Final Thoughts
The October auctions offered strong yields across all bond terms, proving once again why treasury bonds remain a trusted investment in Uganda. Whether you’re new to investing or building long-term wealth, now is a great time to get started.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa!.