February 2021 Bank Of Uganda Treasury Bond Auction – 2-Year and 15-Year Bonds Reopened
Following the earlier February auction, Bank of Uganda held a second auction on February 17, 2021, reopening two treasury bonds. One was a short-term bond ideal for savers looking for near-term returns, and the other was a long-term option designed for building wealth over time. Here’s what was offered and how you could benefit.
What Bonds Were Offered?
The following bonds were auctioned:
- UG0000001244 – 11.000% Government of Uganda Treasury Bond due 13-Apr-2023 (2-Year Reopening)
- UG12K2206346 – 14.250% Government of Uganda Treasury Bond due 22-Jun-2034 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG0000001244 | 11.000% | 13-Apr-2023 | UGX 150 billion | 20% |
| 15-Year | UG12K2206346 | 14.250% | 22-Jun-2034 | UGX 300 billion | 10% |
These are reopening bonds, meaning they were previously issued and are now available again for new investment.
Auction Details
- Auction Date: Wednesday, February 17, 2021
- Settlement Date: Thursday, February 18, 2021 (by 12:00 PM)
- Bidding Deadline: 10:00 AM on auction day
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids (via a Primary Dealer Bank)
- Coupon Payments: Interest is paid every 6 months
- Allotment: All successful bids were awarded at the same price — the cut-off price determined by the highest accepted yield
Why These Bonds Matter
- The 2-year bond offers a lower-risk, shorter-term return for investors with near-term financial goals.
- The 15-year bond offers a higher interest rate and longer-term value for those planning for retirement, children’s education, or generational wealth.
- Government bonds provide predictable income and are considered one of the safest investments in Uganda.
- You can start with just UGX 100,000, making it accessible to most Ugandans.
How to Invest with Level Africa
Whether you’re starting small or investing long-term, Level Africa makes it easy.
Here’s how 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
The second February 2021 treasury bond auction gave Ugandans another great opportunity to grow their money. Whether you need income in 2 years or want to secure wealth for the future, these bonds offer a safe and rewarding path.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.