January 2021 Bank Of Uganda Treasury Bond Auction – 3-Year and 10-Year Bonds Reopened
To kick off 2021, the Bank of Uganda offered investors an early opportunity to earn steady, government-backed returns by reopening two treasury bonds — a 3-year and a 10-year option. These reopened bonds gave both new and experienced investors a chance to grow their money in a safe and predictable way.
What Bonds Were Offered?
The following bonds were auctioned on Thursday, January 21, 2021:
- UG12J1801248 – 14.000% Government of Uganda Treasury Bond due 18-Jan-2024 (3-Year Reopening)
- UG12K0304317 – 17.000% Government of Uganda Treasury Bond due 03-Apr-2031 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12J1801248 | 14.000% | 18-Jan-2024 | UGX 150 billion | 20% |
| 10-Year | UG12K0304317 | 17.000% | 03-Apr-2031 | UGX 300 billion | 10% |
These are reopening bonds, meaning they had been issued before and were being made available again for new investment.
Auction Details
- Auction Date: Thursday, January 21, 2021
- Settlement Date: Friday, January 22, 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 are awarded at the same cut-off price — determined by the highest yield accepted in the auction
Why These Bonds Matter
- The 3-year bond offers short-term fixed returns for people saving for expenses like tuition, home renovations, or capital for a small business.
- The 10-year bond is ideal for long-term investors planning for milestones such as children’s education, land, or retirement.
- Both bonds offer reliable passive income, paid twice a year, with the full investment returned at maturity.
- Bonds are considered low-risk because they are fully backed by the Government of Uganda.
How to Invest with Level Africa
With Level Africa, you don’t need to fill out paper forms or go through a broker. Investing is fully digital and accessible to anyone with a smartphone.
Here’s how to start:
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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 January 2021 treasury bond auction gave Ugandans two strong ways to grow their money — whether planning for a few years or the next decade. And with Level Africa, investing in government bonds is now easier, faster, and open to everyone.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.