September 2022 Bank Of Uganda Treasury Bond Auction – 5-Year Reopening and 20-Year New Bond
The September 2022 auction by Bank of Uganda included one reopened bond and one brand-new 20-year bond — an ideal mix for medium- and long-term investors looking for predictable, government-backed returns. Here’s what you need to know.
What Bonds Were Offered?
On Wednesday, September 7, 2022, the following bonds were auctioned:
- UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
- UG12L1408420 – Government of Uganda Treasury Bond due 14-Aug-2042 (20-Year New Bond)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J1301280 | 14.125% | 13-Jan-2028 | UGX 200 billion | 20% |
| 20-Year | UG12L1408420 | TBD (Set by auction) | 14-Aug-2042 | UGX 350 billion | 10% |
Note: The 20-Year bond was a new issue, meaning its coupon rate was set during the auction based on demand and bidding results.
Auction Details
- Auction Date: Wednesday, September 7, 2022
- Settlement Date: Thursday, September 8, 2022 (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: Every 6 months until maturity
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids (competitive and non-competitive) were awarded at the auction cut-off price — the lowest price accepted linked to the highest accepted yield
Why These Bonds Matter
- The 5-Year bond is great for medium-term plans like buying land, saving for business, or other projects with a 3–5 year timeline.
- The 20-Year bond opens up a long-term path for retirement, real estate, or legacy planning, with stable interest paid every 6 months.
- Both bonds provide fixed, predictable returns with full repayment at maturity.
- Investors can get started from just UGX 100,000, making it easy to enter and grow.
How to Invest with Level Africa
Level Africa gives you access to treasury bonds digitally — no paperwork, no queues.
Steps to start investing:
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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 September 2022 bond auction gave Ugandan investors a fresh mix of medium- and long-term opportunities to grow their wealth with confidence. With full government backing and predictable returns, these bonds remain a top choice for anyone looking for financial security.
Start Now – Create an Account on Level Africa
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