July 2021 Bank Of Uganda Uganda Treasury Bond Auction – 5-Year and 20-Year Bonds Reopened
In July 2021, Bank of Uganda reopened two treasury bonds with different maturity lengths — offering something for both mid-term and long-term investors. Whether you want to grow your wealth in 5 years or secure your financial future over 20, this auction had something for you.
What Bonds Were Offered?
On Wednesday, July 14, 2021, the following government bonds were auctioned:
- UG12J0605277 – 16.000% Government of Uganda Treasury Bond due 06-May-2027 (5-Year Reopening)
- UG12L0111405 – 17.500% Government of Uganda Treasury Bond due 01-Nov-2040 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J0605277 | 16.000% | 06-May-2027 | UGX 200 billion | 20% |
| 20-Year | UG12L0111405 | 17.500% | 01-Nov-2040 | UGX 300 billion | 10% |
These were reopening bonds, meaning they had been issued before and were now available again for investment.
Auction Details
- Auction Date: Wednesday, July 14, 2021
- Settlement Date: Thursday, July 15, 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 Primary Dealer Banks
- Coupon Payments: Made every 6 months until maturity
- Allotment Method: All successful bids were awarded at the same cut-off price — the lowest price accepted that matched the highest accepted yield
Why These Bonds Matter
- The 5-year bond is ideal for medium-term savings goals like buying land, building a home, or expanding a business.
- The 20-year bond is better suited for long-term planning such as retirement, wealth preservation, or creating a legacy.
- With fixed interest paid twice a year and full principal returned at maturity, these bonds offer reliable and predictable income.
- You can start investing with as little as UGX 100,000, making them accessible for many Ugandans.
How to Invest with Level Africa
Investing in treasury bonds has never been easier. You can do everything digitally through Level Africa.
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 July 2021 bond auction gave investors two strong options to choose from. Whether you’re looking at a 5-year horizon or planning 20 years ahead, treasury bonds offer a safe and rewarding path to financial growth.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.