May 2021 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened
In May 2021, Bank of Uganda reopened two treasury bonds, offering both short-term and long-term investment options for Ugandans. Whether you’re planning for upcoming expenses or building wealth for the future, here’s what this auction had in store.
What Bonds Were Offered?
The following government bonds were auctioned on Wednesday, May 12, 2021:
- UG12J1801248 – 14.000% Government of Uganda Treasury Bond due 18-Jan-2024 (3-Year Reopening)
- UG12K2206346 – 14.250% Government of Uganda Treasury Bond due 22-Jun-2034 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12J1801248 | 14.000% | 18-Jan-2024 | UGX 150 billion | 20% |
| 15-Year | UG12K2206346 | 14.250% | 22-Jun-2034 | UGX 300 billion | 10% |
These bonds were previously issued and made available again for investment through this reopening auction.
Auction Details
- Auction Date: Wednesday, May 12, 2021
- Settlement Date: Thursday, May 13, 2021 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids (submitted via Primary Dealer Banks)
- Coupon Payments: Paid every 6 months until maturity
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids were awarded at the same cut-off price (lowest accepted price matching the highest accepted yield)
Why These Bonds Matter
- The 3-year bond is great for short-term planning — school fees, travel, small business expansion, or emergency savings.
- The 15-year bond offers a longer-term strategy for investors focused on retirement, property investments, or generational wealth.
- Government bonds provide predictable, fixed interest and are considered one of the safest investment vehicles available in Uganda.
- With a UGX 100,000 minimum, these investments are accessible to a wide range of Ugandans.
How to Invest with Level Africa
No paperwork. No queues. Just simple, secure investing on your phone.
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
The May 2021 treasury bond auction gave investors another reliable way to grow their money — whether for short-term goals or long-term legacy building. With strong interest rates and full government backing, these bonds remain a smart and secure investment choice.
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