July 2022 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened
In July 2022, the Bank of Uganda reopened two treasury bonds — a medium-term 3-year and a long-term 15-year bond — giving Ugandans another secure way to invest and earn steady interest income. These government-backed securities cater to both short- and long-horizon financial goals.
What Bonds Were Offered?
The following bonds were reopened on Wednesday, July 13, 2022:
- UG12G2905259 – 14.000% Government of Uganda Treasury Bond due 29-May-2025 (3-Year Reopening)
- UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G2905259 | 14.000% | 29-May-2025 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 350 billion | 10% |
These are reopening bonds, meaning they were previously issued and are now available again for investment.
Auction Details
- Auction Date: Wednesday, July 13, 2022
- Settlement Date: Thursday, July 14, 2022 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids (submitted via Primary Dealer Banks)
- Coupon Payments: Paid every 6 months until maturity
- Bidding Deadline: 10:00 AM on the auction date
- Allotment Method: All successful bids were awarded at the auction cut-off price — the lowest price accepted that corresponds to the highest accepted yield.
Why These Bonds Matter
- The 3-year bond is great for medium-term planning — saving for tuition, housing projects, or a business fund.
- The 15-year bond offers a solid return for those focused on long-term wealth building, retirement, or intergenerational savings.
- Both bonds pay interest every 6 months and return your full investment at the end of the term.
- With a starting amount of UGX 100,000, they are accessible to many Ugandans looking to grow their income securely.
How to Invest with Level Africa
Level Africa makes bond investing simple, digital, and beginner-friendly — no paperwork or brokers required.
Steps 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 2022 bond auction gave investors a chance to earn steady, government-backed returns. Whether you’re investing for 3 or 15 years, these bonds are a safe and proven way to grow your money.
Start Now – Create an Account on Level Africa
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