December 2021 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
To close out the year, the Bank of Uganda is reopening two treasury bonds — one short-term and one long-term. The December 2021 auction gives investors a final opportunity this year to earn predictable, government-backed returns whether they’re investing for the near future or planning a decade ahead.
What Bonds Are Being Offered?
On Wednesday, December 1, 2021, the following bonds will be auctioned:
- UG12F0709234 – 10.000% Government of Uganda Treasury Bond due 07-Sep-2023 (2-Year Reopening)
- UG12K0403325 – 16.375% Government of Uganda Treasury Bond due 04-Mar-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0709234 | 10.000% | 07-Sep-2023 | UGX 200 billion | 20% |
| 10-Year | UG12K0403325 | 16.375% | 04-Mar-2032 | UGX 300 billion | 10% |
These are reopening bonds, meaning they were issued previously and are being offered again to investors.
Auction Details
- Auction Date: Wednesday, December 1, 2021
- Settlement Date: Thursday, December 2, 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
- Coupon Payments: Interest is paid every 6 months
- Bidding Deadline: 10:00 AM on the auction date
- Allotment: All successful bids (competitive and non-competitive) will be awarded at the auction’s cut-off price, linked to the highest accepted yield.
Why These Bonds Matter
- The 2-year bond offers a secure short-term return for those looking to save for things like school fees, capital for a project, or a financial cushion.
- The 10-year bond gives investors a high fixed rate, ideal for long-term goals like retirement, real estate, or future education needs.
- With interest paid every 6 months and full principal repaid at maturity, these bonds provide a reliable and stable source of income.
- Accessible to all Ugandans starting from just UGX 100,000.
How to Invest with Level Africa
Level Africa makes bond investing easy, secure, and digital — no paperwork needed.
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
As 2021 comes to a close, this auction offers a strong way to secure your savings and build future income. Whether you invest for 2 or 10 years, these government bonds remain one of the safest and smartest choices for growing your money.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.