February 2021 Bank Of Uganda Treasury Bond Auction – 10-Year and 20-Year Bonds Reopened

February 2021 presented another chance for investors to earn safe, long-term returns through government treasury bonds. Bank of Uganda reopened two high-yielding bonds — a 10-year and a 20-year — perfect for individuals planning ahead for major life goals like retirement, property, or legacy building.

What Bonds Were Offered?

On Wednesday, February 3, 2021, the following bonds were reopened:

• UG12K0304317 – 17.000% Government of Uganda Treasury Bond due 03-Apr-2031 (10-Year Reopening)
• UG12L0111405 – 17.500% Government of Uganda Treasury Bond due 01-Nov-2040 (20-Year Reopening)

Bond Term	ISIN	Coupon Rate	Maturity Date	Offering Amount	Withholding Tax
10-Year	UG12K0304317	17.000%	03-Apr-2031	UGX 250 billion	10%
20-Year	UG12L0111405	17.500%	01-Nov-2040	UGX 250 billion	10%

These bonds had been issued before and were now made available again to new and returning investors.

Auction Details

• Auction Date: Wednesday, February 3, 2021
• Settlement Date: Thursday, February 4, 2021 (by 12:00 PM)
• Bidding Deadline: 10:00 AM on auction day
• Minimum Investment:
  • UGX 100,000 for non-competitive bids
  • UGX 200.1 million for competitive bids via a Primary Dealer Bank
• Coupon Payments: Interest paid every 6 months
• Allotment: All successful bids were awarded at the same price based on the highest yield accepted

Why These Bonds Matter

• The 10-year bond offers stable income for medium-to-long-term goals like a home purchase, advanced education, or land acquisition.
• The 20-year bond is well-suited for long-term planning — like building a retirement fund or securing family wealth.
• With high coupon rates of 17.000% and 17.500%, these bonds provide strong, predictable returns.
• Entry starts at just UGX 100,000, making them accessible to everyday Ugandans.

How to Invest with Level Africa

With Level Africa, you don’t need a broker or paperwork — just a phone and a few simple steps.

Here’s how to start:

1. Create an account on Level Africa

2. Complete KYC with your ID or passport

3. Go to Treasury Bonds under Products

4. Choose bonds listed (including reopened 3Y or 20Y bonds)

5. Fund your Level wallet

6. Buy bonds — instantly, if marked “Available”

7. Track interest and returns from your dashboard

Final Thoughts

The February 2021 bond auction showed how long-term planning can pay off with strong, reliable returns. Whether you’re saving for a future goal or building passive income, government bonds remain one of the smartest, lowest-risk ways to grow your money.

Start Now – Create an Account on Level Africa

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