November 2022 Bank Of Uganda Treasury Bond Auctions – Two Rounds, Multiple Opportunities
November 2022 featured two separate treasury bond auctions by the Bank of Uganda — offering both short-term and long-term investment options for Ugandans. Whether you’re looking for returns in the next two years or planning for decades ahead, these auctions had something for you.
Auction 1: November 2, 2022 – 2-Year and 10-Year Reopenings
On Wednesday, November 2, 2022, Bank of Uganda reopened two bonds:
- UG12F0808242 – 14.000% Government of Uganda Treasury Bond due 08-Aug-2024 (2-Year Reopening)
- UG12J2005328 – 15.000% Government of Uganda Treasury Bond due 20-May-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0808242 | 14.000% | 08-Aug-2024 | UGX 200 billion | 20% |
| 10-Year | UG12J2005328 | 15.000% | 20-May-2032 | UGX 350 billion | 10% |
Auction 2: November 30, 2022 – 5-Year and 20-Year Reopenings
A second auction was held on Wednesday, November 30, 2022, reopening two additional bonds:
- UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
- UG12L1408420 – 18.500% Government of Uganda Treasury Bond due 14-Aug-2042 (20-Year Reopening)
| 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 | 18.500% | 14-Aug-2042 | UGX 350 billion | 10% |
Why These Auctions Matter
- The 2-Year bond gives quick returns and is suitable for short-term planning — like saving for tuition or a project.
- 5-Year and 10-Year bonds offer medium-term returns for goals like land, home improvements, or building capital.
- The 20-Year bond provides the highest yield — ideal for long-term planning such as retirement or generational wealth.
- All bonds pay fixed interest every 6 months, and return your full investment when they mature.
- With just UGX 100,000, anyone in Uganda can start investing.
How to Invest with Level Africa
At Level Africa, investing in government bonds is simple and 100% online.
Here’s how 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
November 2022 offered two powerful opportunities to invest in treasury bonds. Whether you’re investing for a few years or the long haul, these government securities deliver steady returns and peace of mind.
Start Now – Create an Account on Level Africa
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