April 2022 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened

The April 2022 bond auction gave Ugandans two powerful options for building wealth — one bond for shorter-term savers and another for long-term investors. With fixed interest payments and full government backing, treasury bonds remain a smart, low-risk way to grow your money in Uganda.

What Bonds Were Offered?

The following bonds were auctioned on Wednesday, April 20, 2022:

UG0000001517 – 17.000% Government of Uganda Treasury Bond due 16-Jan-2025 (3-Year Reopening)
UG12K0811352 – 16.250% Government of Uganda Treasury Bond due 08-Nov-2035 (15-Year Reopening)

Bond Term	ISIN	Coupon Rate	Maturity Date	Offering Amount	Withholding Tax
3-Year	UG0000001517	17.000%	16-Jan-2025	UGX 150 billion	20%
15-Year	UG12K0811352	16.250%	08-Nov-2035	UGX 250 billion	10%

Both of these are reopening bonds, meaning they were issued before and are now made available again for purchase.

Auction Details

Auction Date: Wednesday, April 20, 2022
Settlement Date: Thursday, April 21, 2022 (by 12:00 PM)
Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids submitted by Primary Dealer Banks
Coupon Payments: Interest is paid every 6 months
Bidding Deadline: 10:00 AM on auction day
Allotment: All successful bids were awarded at the cut-off price — the lowest price accepted that corresponds to the highest accepted yield

Why These Bonds Matter

The 3-year bond is ideal for medium-term investors planning for expenses like school fees, savings for a startup, or personal goals within 3 years.
The 15-year bond gives long-term investors a stable way to build wealth for retirement, homeownership, or generational investment.
With a starting point of just UGX 100,000, treasury bonds are accessible to most Ugandans.
The interest is fixed and paid out every 6 months, while your full principal is returned at the end of the bond’s term.

How to Invest with Level Africa

With Level Africa, investing in government bonds is simple, transparent, and fully digital.

Here’s how to start investing:

Create an account on Level Africa
Complete KYC with your ID or passport
Go to Treasury Bonds under Products
Choose bonds listed (including reopened 3Y or 20Y bonds)
Fund your Level wallet
Buy bonds — instantly, if marked “Available”
Track interest and returns from your dashboard

Final Thoughts

April’s bond auction served up two strong options for investors. With reliable returns and government guarantees, treasury bonds continue to be one of the safest and smartest ways to grow wealth in Uganda.

Start Now – Create an Account on Level Africa

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Frequently Asked Questions About Treasury Bonds in Uganda

What are government bonds?

Government bonds are a way to lend money to the Government of Uganda. In return, the government pays you a fixed interest rate every 6 months and gives back your full investment at the end of the bond’s term.

How do treasury bonds work in Uganda?

You buy a bond (e.g. 3, 5, or 10 years), the government pays you interest every 6 months, and you get your full capital back when the bond matures. All bonds are issued and regulated by the Bank of Uganda.

What is the minimum amount to invest in government bonds?

You can start investing with UGX 100,000 using a non-competitive bid. No broker is needed when using platforms like Level Africa.

How can I buy government bonds in Uganda?

You need a Central Depository System (CDS) account or a digital investment platform like Level Africa.
Steps:

Create an account on Level Africa
Upload your National ID or Passport (KYC)
Go to “Treasury Bonds” under Products
Choose a bond that matches your investment goals
Deposit funds into your wallet
Place your order — instantly if marked “Available”
Track your bond and earnings from your dashboard

What are the current treasury bond interest rates in Uganda (2025)?

Rates vary by bond type and auction results. For example:

2-Year bond: around 15.75%
10-Year bond: around 16.25%
20-Year bond: up to 18.50%
All rates are set during each auction by the Bank of Uganda.

Are treasury bonds safe in 2025?

Yes. Treasury bonds are backed by the Government of Uganda and are considered among the safest investments, especially for long-term or retirement goals.

Do government bonds pay interest?

Yes. Interest is called a coupon and is paid out every 6 months. You receive it directly to your wallet or bank account.

Can I sell a bond before it matures?

Yes, bonds are transferable and can be rediscounted if you need to exit early, although the resale price depends on current market rates.

How do interest rates affect bonds?

If new bond rates go up, the value of existing bonds on the market may go down (and vice versa). However, if you hold your bond until maturity, you still get your full investment and all promised interest.

What’s the difference between treasury bonds and treasury bills?

Treasury bonds: Long-term (2–25 years), pay interest every 6 months
Treasury bills: Short-term (91–364 days), sold at a discount and paid back in full at maturity

Can individuals buy Bank of Uganda treasury bonds?

Yes. Both individuals and institutions can invest. Many Ugandans now use Level Africa to access bonds directly with no paperwork.

How often are treasury bonds auctioned in Uganda?

Typically, every 28 days. The auction calendar is published annually by the Bank of Uganda, and Level Africa notifies you ahead of each sale.