November 2021 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened
In November 2021, the Bank of Uganda reopened two government bonds — one short-term and one long-term — offering investors another opportunity to earn fixed interest on low-risk, government-backed securities. Whether you’re saving for something soon or planning decades ahead, here’s what was available in this auction.
What Bonds Were Offered?
The following bonds were auctioned on Wednesday, November 3, 2021:
- UG0000001517 – 17.000% Government of Uganda Treasury Bond due 16-Jan-2025 (3-Year Reopening)
- UG12K0811352 – 16.250% Government of Uganda Treasury Bond due 08-Nov-2035 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG0000001517 | 17.000% | 16-Jan-2025 | UGX 200 billion | 20% |
| 15-Year | UG12K0811352 | 16.250% | 08-Nov-2035 | UGX 300 billion | 10% |
Auction Details
- Auction Date: Wednesday, November 3, 2021
- Settlement Date: Thursday, November 4, 2021 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids (via Primary Dealer Banks)
- Bidding Deadline: 10:00 AM on the auction day
- Coupon Payments: Every 6 months until maturity
- Allotment Method: All successful bids (competitive and non-competitive) were awarded at the auction’s cut-off price — the lowest price corresponding to the highest accepted yield.
Why These Bonds Matter
- The 3-year bond is suitable for short-to-medium-term savings, such as school fees, business planning, or building capital for a project.
- The 15-year bond suits investors planning for long-term goals like retirement, intergenerational wealth, or homeownership.
- Both bonds provide predictable income with interest paid twice a year, and full return of principal at maturity.
- Open to anyone with UGX 100,000 or more, these government bonds are an accessible and secure way to grow your investments.
How to Invest with Level Africa
Level Africa makes it easy to invest in treasury bonds online — no paperwork, no queues.
Steps 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 November 2021 bond auction provided another opportunity for Ugandans to invest with confidence. Whether you’re saving for something soon or thinking 15 years ahead, government bonds continue to be one of the most stable and rewarding investments available.
Start Now – Create an Account on Level Africa
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