November 2023 (Second Auction) – Bank Of Uganda Treasury Bonds Reopened for 5-Year and 15-Year Terms
To close out November, the Bank of Uganda is reopening two government bonds — one medium-term and one long-term. These bonds offer attractive fixed interest and are ideal for Ugandans planning to grow their money steadily over the next few years or decades.
What Bonds Are Being Offered?
The following bonds will be auctioned on Wednesday, November 29, 2023:
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UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
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UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J1301280 | 14.125% | 13-Jan-2028 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 320 billion | 10% |
Key Auction Details
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Auction Date: Wednesday, November 29, 2023
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Settlement Date: Thursday, November 30, 2023 at 12:00 PM
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Minimum Investment:
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UGX 100,000 (non-competitive bid)
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UGX 200.1 million (competitive bid, submitted via a primary dealer bank)
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Coupon Payments: Interest is paid every 6 months — twice a year — until maturity
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Allotment: All successful bids are awarded at the same cut-off price, corresponding to the highest accepted yield
Why It Matters for Investors
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The 5-year bond is great for those planning for medium-term goals like education, land purchase, or home renovation.
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The 15-year bond is perfect for investors thinking long-term — such as retirement, children’s university, or legacy building.
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Government bonds offer predictable income and protection from market volatility.
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Anyone can invest with as little as UGX 100,000 — no need for a broker or special account.
How to Invest with Level Africa
Level Africa gives you access to bonds directly on your phone or laptop — no paperwork, no queues.
Steps to start:
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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
This second auction in November 2023 gives investors another chance to lock in high, government-backed returns. Whether you’re starting small or planning for the long term, these bonds offer a powerful way to grow your money safely and steadily.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.