July 2023 Bank Of Uganda Treasury Bond Tender – What to Know About the 3-Year and 20-Year Bonds
If you’re looking for a safe, reliable way to grow your money, treasury bonds are one of the best places to start. In July 2023, the Bank of Uganda offered two new bonds — one short-term and one long-term — giving both first-time and seasoned investors a chance to earn consistent returns backed by the government. Here’s a simple breakdown of what was offered, how the auction worked, and how you can still benefit from these bonds today.
What Was Offered?
Bank of Uganda invited investors to bid on two new government treasury bonds:
- UG12G0907265 – 13.500% Government of Uganda Treasury Bond due 09-Jul-2026
- Tenor: 3-Year Bond
- Offering Amount: UGX 150 billion
- Withholding Tax: 20%
- UG12L1806433 – 15.000% Government of Uganda Treasury Bond due 18-Jun-2043
- Tenor: 20-Year Bond
- Offering Amount: UGX 300 billion
- Withholding Tax: 10%
These bonds were open to both competitive and non-competitive bids. Minimum investment started at just UGX 100,000 for non-competitive bids — making them accessible to everyday investors.
How the Auction Worked
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The auction took place on Wednesday, July 12, 2023.
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All bids were submitted via the Central Securities Depository (CSD).
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Non-competitive bids were accepted in full up to UGX 200 million — making this route ideal for new or retail investors.
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Successful investors received their bonds at the same cut-off price (the price equivalent to the highest accepted yield).
What Makes These Bonds Attractive?
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The 3-year bond is a great option for short-term investors who want to earn stable income.
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The 20-year bond offers higher returns and is perfect for long-term plans like retirement or building generational wealth.
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Coupon payments (interest) are made every 6 months, providing a predictable income stream.
How You Can Take Advantage
You don’t have to wait for another manual auction process. With Level Africa, you can now:
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Create an account on Level Africa
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Complete KYC with your ID or passport
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Go to Treasury Bonds under Products
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Choose bonds listed (including reopened 3Y or 20Y bonds)
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Fund your Level wallet
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Buy bonds — instantly, if marked “Available”
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Track interest and returns from your dashboard
Final Thoughts
Government bonds are some of the safest and most rewarding ways to grow your money in Uganda. This July 2023 auction opened the door for both short- and long-term investors — and now, with platforms like Level Africa, participating is easier than ever.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.