July 2024 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
What Happened in the July 2024 Auction?
On July 10, 2024, the Bank of Uganda reopened two bonds and introduced one new 15-year bond. These bonds were auctioned to raise funds and offer attractive returns to investors across different investment horizons.
The following bonds were part of this auction:
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UG12G0907265 – 13.500% 2-Year Bond maturing 09-Jul-2026
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UG0000001533 – 14.250% 5-Year Bond maturing 23-Aug-2029
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UG12K2306393 – 15.800% 15-Year Bond maturing 23-Jun-2039 (New Bond)
What Bonds Were Offered and at What Rates?
| Bond Term | Maturity Date | Cut-off Yield | Amount Raised |
|---|---|---|---|
| 2-Year | 09-Jul-2026 | 15.25% | UGX 252.00 billion |
| 5-Year | 23-Aug-2029 | 15.50% | UGX 234.65 billion |
| 15-Year | 23-Jun-2039 | 15.80% | UGX 257.33 billion |
The cut-off yield is the return investors receive when their bids are accepted. As expected, the longer the investment term, the higher the interest rate.
What These Results Tell Us
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Strong participation. Over UGX 1.8 trillion was tendered across the three bonds, showing high demand.
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The 2-year bond offered quick returns for short-term savers with a yield of 15.25%.
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The 5-year bond struck a balance between return and time horizon — great for mid-term goals like land or tuition planning.
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The 15-year bond was the highest-yielding at 15.80%, perfect for long-term wealth building, retirement, or family legacy goals.
Example: What You Could Earn
If you invested UGX 1,000,000 in the 5-year bond at 15.50%:
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You’d earn UGX 155,000 annually, paid in two installments
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Over 5 years, that’s UGX 775,000 in interest
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You also receive your UGX 1,000,000 back at the end of the term
How to Invest in Treasury Bonds via Level Africa
Level Africa gives you direct, easy access to bonds from your phone or laptop — no paperwork, no brokers.
Here’s how to start:
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Create an account on Level Africa
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Upload your National ID or Passport (KYC)
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Go to “Treasury Bonds” under Products
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Choose a bond based on your goals
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Deposit funds into your wallet
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Place your order – bonds marked “Available” can be bought instantly
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Track everything online in your dashboard
Final Thoughts
With strong interest rates and government backing, the July 2024 treasury bond auction shows that bonds remain a powerful tool for Ugandans to grow their money safely.
Start Now – Create an Account on Level Africa
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