April 2023 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
Looking for a secure way to grow your money in 2023? The Bank of Uganda is reopening two government treasury bonds this April — giving both new and experienced investors the chance to earn consistent, government-backed interest over the short or long term.
What Bonds Are Being Offered?
On Wednesday, April 19, 2023, Bank of Uganda will auction the following reopened bonds:
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UG12F0808242 – 14.000% Government of Uganda Treasury Bond due 08-Aug-2024 (2-Year Reopening)
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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 150 billion | 20% |
| 10-Year | UG12J2005328 | 15.000% | 20-May-2032 | UGX 250 billion | 10% |
Auction Details
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Auction Date: Wednesday, April 19, 2023
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Settlement Date: Thursday, April 20, 2023
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Minimum Investment:
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UGX 100,000 (non-competitive bid)
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UGX 200.1 million (competitive bid via a primary dealer bank)
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Interest Payments: Every 6 months
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Bidding Deadline: 10:00 AM on auction day
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Allotment: All successful bids (both competitive and non-competitive) are awarded at one price — the auction’s cut-off yield (highest accepted interest rate)
Why These Bonds Matter
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The 2-year bond is great if you’re investing short-term and want a quick return without risking your money.
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The 10-year bond is ideal for long-term goals like education, homeownership, or retirement planning.
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Both offer fixed, semi-annual interest payments, meaning you’ll receive consistent income every 6 months.
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You don’t need millions — start with as little as UGX 100,000.
How to Invest with Level Africa
Level Africa makes treasury bond investing simple and accessible — all from your phone.
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
April’s auction offers two strong, safe options for Ugandans looking to grow their wealth in 2023. Whether you’re investing for just 2 years or building long-term income, treasury bonds continue to offer some of the most secure and rewarding opportunities.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.