June 2021 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
In June 2021, the Bank of Uganda reopened two treasury bonds — one short-term and one long-term — giving investors another chance to grow their money through safe, fixed-interest investments. Whether you’re planning for something soon or building wealth over time, this auction offered options for both.
What Bonds Were Offered?
The following bonds were reopened on Thursday, June 10, 2021:
- UG0000001244 – 11.000% Government of Uganda Treasury Bond due 13-Apr-2023 (2-Year Reopening)
- UG12K0304317 – 17.000% Government of Uganda Treasury Bond due 03-Apr-2031 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG0000001244 | 11.000% | 13-Apr-2023 | UGX 180 billion | 20% |
| 10-Year | UG12K0304317 | 17.000% | 03-Apr-2031 | UGX 270 billion | 10% |
These are reopening bonds, meaning they were previously issued and are being offered again for new investment.
Auction Details
- Auction Date: Thursday, June 10, 2021
- Settlement Date: Friday, June 11, 2021 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids submitted by Primary Dealer Banks
- Coupon Payments: Interest paid every 6 months until maturity
- Bidding Deadline: 10:00 AM on the auction date
- Allotment: All successful bids (both competitive and non-competitive) were awarded at a single cut-off price based on the highest accepted yield
Why These Bonds Matter
- The 2-year bond is perfect for short-term savers — ideal if you’re setting aside money for upcoming tuition, projects, or other financial goals.
- The 10-year bond is a great fit for long-term planners, offering higher returns for those focused on property, education, or retirement.
- With fixed interest every 6 months and full principal returned at maturity, these bonds offer predictable income and strong security.
- Starting from as little as UGX 100,000, these investments are open to everyday Ugandans ready to grow their wealth.
How to Invest with Level Africa
Level Africa makes investing in bonds easy, safe, and accessible from your phone.
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 June 2021 bond auction presented another strong opportunity for investors to earn fixed, government-backed returns. Whether you’re thinking two years ahead or ten, these bonds help you build financial security one step at a time.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.