January 2025 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
In January 2025, the Bank of Uganda conducted two treasury bond reopenings:
- On January 8, they reopened 2-year, 5-year, and 15-year bonds.
- On January 22, they reopened 3-year, 10-year, and 20-year bonds.
Reopenings mean these bonds were previously issued and are now offered again to raise more funds for the government.
January 8 Auction – Bonds Reopened
- UG12G0907265 – 13.500% 2-Year Bond maturing 09-Jul-2026
- UG0000001533 – 14.250% 5-Year Bond maturing 23-Aug-2029
- UG12K2306393 – 15.800% 15-Year Bond maturing 23-Jun-2039
| Bond Term | Maturity Date | Cut-off Yield | Amount Raised |
|---|---|---|---|
| 2-Year | 09-Jul-2026 | 16.00% | UGX 255.03 billion |
| 5-Year | 23-Aug-2029 | 16.75% | UGX 445.43 billion |
| 15-Year | 23-Jun-2039 | 17.50% | UGX 811.53 billion |
These bonds saw strong demand, especially the 15-year bond which raised over UGX 800 billion.
January 22 Auction – Bonds Reopened
- UG12J1301280 – 14.125% 3-Year Bond maturing 13-Jan-2028
- UG12K2206346 – 14.250% 10-Year Bond maturing 22-Jun-2034
- UG12L1806433 – 15.000% 20-Year Bond maturing 18-Jun-2043
| Bond Term | Maturity Date | Cut-off Yield | Amount Raised |
| 3-Year | 13-Jan-2028 | 16.55% | UGX 173.99 billion |
| 10-Year | 22-Jun-2034 | 17.10% | UGX 183.66 billion |
| 20-Year | 18-Jun-2043 | 17.89% | UGX 670.79 billion |
The 20-year bond was the most popular in this auction — receiving nearly UGX 1 trillion in bids.
What These Results Tell Us
- High yields across all tenors. Ranging from 16% on short-term bonds to nearly 18% on long-term bonds.
- Long-term confidence. Investors placed large bids for the 15- and 20-year bonds, showing strong interest in stable, long-term returns.
- Predictable income. These bonds pay interest every 6 months, making them suitable for income planning.
Example: What Would You Earn?
If you invested UGX 1,000,000 in the 5-year bond at 16.75%:
- You’d earn UGX 167,500 annually, paid in two parts
- Over 5 years, that’s UGX 837,500 in total interest
- At maturity, you get back your UGX 1,000,000
How to Invest in Treasury Bonds via Level Africa
You can invest easily from your phone or computer using Level Africa.
Here’s how to start:
- Create an account on Level Africa
- Upload your National ID or Passport (KYC)
- Go to Treasury Bonds under Products
- Choose a bond that matches your goal
- Deposit funds into your wallet
- Place your order – bonds marked “Available” can be bought instantly
- Track your interest and returns online
Final Thoughts
Both January auctions show strong investor appetite for treasury bonds — offering high returns and government-backed safety. Whether you’re saving for the short or long term, treasury bonds remain one of Uganda’s most dependable investment options.
Start Now – Create an Account on Level Africa
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