April 2024 Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
The Bank of Uganda is offering another opportunity to grow your money through government-backed bonds. In the April 2024 auction, two reopened bonds are up for grabs — ideal for both short-term savers and long-term planners. Here’s what’s on the table.
What Bonds Are Being Offered?
On Wednesday, April 17, 2024, Bank of Uganda will reopen the following bonds:
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UG12G2905259 – 14.000% Government of Uganda Treasury Bond due 29-May-2025 (2-Year Reopening)
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UG12K0302337 – 14.375% Government of Uganda Treasury Bond due 03-Feb-2033 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12G2905259 | 14.000% | 29-May-2025 | UGX 200 billion | 20% |
| 10-Year | UG12K0302337 | 14.375% | 03-Feb-2033 | UGX 320 billion | 10% |
Key Auction Details
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Auction Date: Wednesday, April 17, 2024
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Settlement Date: Thursday, April 18, 2024 (by 12 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, via a primary dealer bank)
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Bidding Deadline: 10:00 AM on the auction date
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Coupon Payments: Interest is paid every 6 months
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Allotment Method: All successful bids are awarded at the same price — the cut-off price linked to the highest accepted yield
Why This Auction Matters
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The 2-year bond offers a great short-term return with fixed income — perfect for anyone with upcoming expenses in the next couple of years.
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The 10-year bond provides higher yields and long-term growth, ideal for wealth building, education, or retirement planning.
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Bonds are low risk, backed by the government, and offer consistent interest payments you can count on.
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You can start investing from as little as UGX 100,000.
How to Invest with Level Africa
No paperwork, no banks — just you, your phone, and a secure platform.
Here’s how to get started:
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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 April 2024 auction gives you two strong options to invest wisely and securely. Whether you need a 2-year plan or are thinking long-term, these government bonds help you earn confidently.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.