January 2023 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
Kicking off the new year, the Bank of Uganda reopened two treasury bonds in January 2023 — a short-term and a long-term option. These bonds give investors a chance to earn fixed interest, backed by the government, starting from as little as UGX 100,000.
What Bonds Were Offered?
On Wednesday, January 25, 2023, the following bonds were auctioned:
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UG12F0808242 – 14.000% Government of Uganda Treasury Bond due 08-Aug-2024 (2-Year Reopening)
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UG12J2005328 – 15.000% Government of Uganda Treasury Bond due 20-May-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0808242 | 14.000% | 08-Aug-2024 | UGX 180 billion | 20% |
| 10-Year | UG12J2005328 | 15.000% | 20-May-2032 | UGX 300 billion | 10% |
Key Auction Details
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Auction Date: Wednesday, January 25, 2023
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Settlement Date: Friday, January 27, 2023 (by 12 PM)
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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 Primary Dealer Bank)
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Bidding Deadline: 10:00 AM on auction day
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Interest Payments: Paid every 6 months until maturity
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Allotment Method: All successful bids are awarded at the same cut-off price — the highest accepted yield.
Why These Bonds Matter
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The 2-year bond offers quick, predictable returns — ideal for people saving for short-term goals like school fees or building capital.
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The 10-year bond offers a higher return and longer-term stability — perfect for education planning, retirement, or wealth preservation.
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Bonds pay fixed interest every 6 months, so you enjoy reliable passive income.
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Backed by the Government of Uganda, these are among the safest investment options available.
How to Invest with Level Africa
You don’t need a broker or stacks of paperwork. Level Africa gives you direct, digital access to treasury bonds.
Here’s how:
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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 January 2023 auction gave Ugandan investors an excellent opportunity to earn strong, fixed returns in a low-risk way. Whether your goals are 2 years or 10 years away, there’s a bond that fits — and now it’s easier than ever to get started.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.