October 2022 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened
October 2022 presented another strong investment opportunity as Bank of Uganda reopened two existing bonds — one for medium-term investors and another for long-term planners. These government-backed instruments offer steady, predictable returns for Ugandans looking to grow their money securely.
What Bonds Were Offered?
The following bonds were auctioned on Wednesday, October 5, 2022:
- UG12G2905259 – 14.000% Government of Uganda Treasury Bond due 29-May-2025 (3-Year Reopening)
- UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G2905259 | 14.000% | 29-May-2025 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 350 billion | 10% |
These bonds were previously issued and offered again through a reopening auction.
Auction Details
- Auction Date: Wednesday, October 5, 2022
- Settlement Date: Thursday, October 6, 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: Paid every 6 months until maturity
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids were awarded at the auction’s cut-off price — the lowest price accepted linked to the highest accepted yield
Why These Bonds Matter
- The 3-Year bond is ideal for medium-term goals such as tuition, land purchases, or business expansion.
- The 15-Year bond is perfect for long-term wealth building, including retirement and property investment.
- These bonds offer fixed interest payments every 6 months, and your full principal is returned at the end of the term.
- Investors can begin with as little as UGX 100,000, making it easy to start.
How to Invest with Level Africa
Level Africa makes investing simple and fully digital — no queues or paperwork.
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
October’s auction reaffirmed treasury bonds as a stable and secure investment path. Whether you’re targeting financial goals within three years or planning for the next decade and beyond, government bonds provide both safety and steady income.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.