August 2024 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
What Happened in the August 2024 Auction?
On August 7, 2024, the Bank of Uganda held a bond auction for 3-year, 10-year, and 20-year government securities. These were reopenings of existing bonds — meaning they had been offered before and made available again to raise more funding.
The following bonds were reopened:
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UG12J1301280 – 14.125% 3-Year Bond maturing 13-Jan-2028
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UG12K2206346 – 14.250% 10-Year Bond maturing 22-Jun-2034
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UG12L1806433 – 15.000% 20-Year Bond maturing 18-Jun-2043
What Bonds Were Offered and at What Rates?
| Bond Term | Maturity Date | Cut-off Yield (Interest Rate) | Amount Raised |
|---|---|---|---|
| 3-Year | 13-Jan-2028 | 15.25% | UGX 287.85 billion |
| 10-Year | 22-Jun-2034 | 15.75% | UGX 448.35 billion |
| 20-Year | 18-Jun-2043 | 16.50% | UGX 642.39 billion |
The cut-off yield is the guaranteed return for investors whose bids were accepted at the auction. The longer the bond’s maturity, the higher the rate tends to be.
What These Results Tell Us
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Investor demand remains strong, especially for long-term investments like the 20-year bond, which attracted nearly UGX 1 trillion in total bids.
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The 3-year bond, yielding 15.25%, offers good short-term growth for people with nearer financial goals like school fees or projects.
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The 10-year bond, paying 15.75%, is perfect for long-term saving strategies like land, property, or business expansion.
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The 20-year bond at 16.50% is ideal for retirement planning or leaving a financial legacy.
Example: What Would You Earn?
Let’s say you invest UGX 1,000,000 in the 10-year bond at 15.75%:
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You’d earn UGX 157,500 per year, paid every 6 months
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Over 10 years, that’s UGX 1,575,000 in total interest
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You also get back your UGX 1,000,000 at the end of the term
How to Invest in Treasury Bonds via Level Africa
Level Africa makes it simple to invest in government bonds from your phone or laptop.
Here’s how to start:
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Create an account on Level Africa
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Upload your National ID or Passport (KYC)
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Go to Treasury Bonds under Products
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Choose a bond that fits your goal
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Deposit funds into your wallet
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Place your order – bonds marked “Available” can be bought instantly
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Track your interest and bond status online
Final Thoughts
The August 2024 bond auction continues to show that treasury bonds are a powerful way to grow wealth safely in Uganda. With guaranteed interest and government backing, these investments suit everyone — whether you’re just starting or looking to grow long-term value.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa!