February 2022 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
In February 2022, Bank of Uganda reopened two treasury bonds — one for short-term savers and one for long-term investors. These government-backed investments offer fixed interest and predictable returns, ideal for those building savings or planning for the future.
What Bonds Were Offered?
The following bonds were auctioned on Wednesday, February 23, 2022:
- 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% |
Both bonds were previously issued and reopened for new investment.
Auction Details
- Auction Date: Wednesday, February 23, 2022
- Settlement Date: Thursday, February 24, 2022 (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: Interest is paid every 6 months
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids were awarded at the cut-off price — the lowest price corresponding to the highest accepted yield.
Why These Bonds Matter
- The 2-year bond provides a simple way to earn short-term returns — ideal for saving toward near-term goals like tuition or emergency funds.
- The 10-year bond offers higher fixed returns over a longer period — perfect for those planning for retirement, land, or other future investments.
- Bonds are among the most secure investments in Uganda, backed by the government.
- With a starting investment of UGX 100,000, they’re accessible to many Ugandans.
How to Invest with Level Africa
No queues, no paperwork. With Level Africa, you can invest in treasury bonds entirely online.
Here’s how to begin:
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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 February 2022 bond auction delivered two great options for investors at different stages. Whether you’re looking for short-term growth or long-term wealth building, these bonds offer a safe and effective way to earn steady returns.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.