December 2022 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened
To wrap up the year, Bank of Uganda held a treasury bond auction reopening two bonds — one for medium-term savers and another for long-term planners. These government-backed investments remain a go-to choice for Ugandans seeking safety and steady returns.
What Bonds Were Offered?
On Wednesday, December 28, 2022, the following bonds were auctioned:
- UG12G2905259 – 14.000% Government of Uganda Treasury Bond due 29-May-2025 (3-Year Reopening)
- UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G2905259 | 14.000% | 29-May-2025 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 350 billion | 10% |
These are reopening bonds, meaning they’ve been offered in past auctions and are now available again.
Auction Details
- Auction Date: Wednesday, December 28, 2022
- Settlement Date: Thursday, December 29, 2022 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids (via Primary Dealer Banks)
- Coupon Payments: Made every 6 months until maturity
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids were awarded at the auction’s cut-off price — the lowest price that matched the highest accepted yield
Why These Bonds Matter
- The 3-Year bond is great for medium-term goals like tuition savings, land purchases, or business planning.
- The 15-Year bond is ideal for retirement planning, wealth preservation, and long-term income generation.
- Both offer stable interest payments and guaranteed return of capital at the end.
- Bonds are open to all investors starting from just UGX 100,000.
How to Invest with Level Africa
Level Africa makes investing simple and fully digital — no queues, no paperwork.
Steps to start investing:
-
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
December’s auction capped off a strong year for bond investors. With the security of government backing and dependable returns, these bonds remain one of the best ways to build and protect your wealth.
Start Now – Create an Account on Level Africa
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