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:
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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 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
Join our community of like minded investors like yourself today Building Wealth With Level Africa.