December 2023 Bank Of Uganda Treasury Bond Auction – Reopened 3-Year and 20-Year Bonds
To close out the year, Bank of Uganda reopened two treasury bonds — giving Ugandans another opportunity to earn safe, government-backed returns. Whether you’re looking for short-term growth or long-term security, here’s what this final 2023 auction had to offer.
What Bonds Were Offered?
Bank of Uganda reopened the following bonds on December 27, 2023:
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UG12G0907265 – 13.500% Government of Uganda Treasury Bond due 09-Jul-2026 (3-Year Reopening)
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UG12L1806433 – 15.000% Government of Uganda Treasury Bond due 18-Jun-2043 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G0907265 | 13.500% | 09-Jul-2026 | UGX 200 billion | 20% |
| 20-Year | UG12L1806433 | 15.000% | 18-Jun-2043 | UGX 320 billion | 10% |
Key Auction Details
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Auction Date: Wednesday, December 27, 2023
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Settlement Date: Thursday, December 28, 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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Bidding Deadline: 10:00 AM on auction day
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Interest Payments: Made every 6 months through to maturity
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Allotment: All successful bids (both competitive and non-competitive) were allocated at the same cut-off price — based on the highest accepted yield.
Why These Bonds Matter
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The 3-year bond is suitable for short-term goals like tuition, a business project, or savings testing.
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The 20-year bond is ideal for long-term planning — retirement, children’s education, or wealth preservation.
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Both bonds pay fixed interest every 6 months, giving you a predictable, steady income stream.
How to Invest with Level Africa
You don’t need a broker or paperwork — just your phone and a few taps.
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
This final auction of 2023 gave Ugandan investors a chance to end the year strong — with steady, reliable returns and long-term security. Whether you’re saving for something soon or planning far ahead, treasury bonds offer peace of mind.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.