June 2023 Bank Of Uganda Treasury Bond Auction – 3-Year and 15-Year Bonds Reopened

Looking to invest in treasury bonds this month? June 2023 brings another opportunity to earn safe, fixed returns from the government. The Bank of Uganda is reopening two treasury bonds — one for short- to medium-term planners and another for long-term investors.

What Bonds Are Being Offered?

On Wednesday, June 14, 2023, Bank of Uganda will reopen the following bonds:

• 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)

Auction Details

• Auction Date: Wednesday, June 14, 2023

• Settlement Date: Thursday, June 15, 2023 (by 12:00 PM)

• Minimum Investment:

  • UGX 100,000 for non-competitive bids

  • UGX 200.1 million for competitive bids (submitted through a Primary Dealer Bank)

• Coupon Payments: Interest paid every 6 months

• Allotment: All successful bids are priced at one cut-off price, based on the highest accepted yield

• Deadline to Submit Bids: 10:00 AM on auction day

Why These Bonds Matter

• The 3-year bond offers a solid return and is ideal if you’re planning for something soon — like tuition, land, or a short-term business plan.

• The 15-year bond is excellent for long-term goals such as retirement, legacy planning, or a child’s future education.

• These bonds provide government-guaranteed interest payments every 6 months — meaning predictable income and peace of mind.

• You can start investing from as low as UGX 100,000 — no need for a broker or complex forms.

How to Invest with Level Africa

With Level Africa, you can invest in treasury bonds directly from your phone or laptop — quickly, securely, and with full support.

Here’s how:

1. Create an account on Level Africa

2. Complete KYC with your ID or passport

3. Go to Treasury Bonds under Products

4. Choose bonds listed (including reopened 3Y or 20Y bonds)

5. Fund your Level wallet

6. Buy bonds — instantly, if marked “Available”

7. Track interest and returns from your dashboard

Final Thoughts

The June 2023 auction is another reminder of why treasury bonds remain one of Uganda’s safest and most rewarding investment options. Whether you’re investing for a few years or a few decades, now’s a great time to start.

Start Now – Create an Account on Level Africa

Join our community of like minded investors like yourself today Building Wealth With Level Africa.

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Frequently Asked Questions About Treasury Bonds in Uganda

What are government bonds?

Government bonds are a way to lend money to the Government of Uganda. In return, the government pays you a fixed interest rate every 6 months and gives back your full investment at the end of the bond’s term.

How do treasury bonds work in Uganda?

You buy a bond (e.g. 3, 5, or 10 years), the government pays you interest every 6 months, and you get your full capital back when the bond matures. All bonds are issued and regulated by the Bank of Uganda.

What is the minimum amount to invest in government bonds?

You can start investing with UGX 100,000 using a non-competitive bid. No broker is needed when using platforms like Level Africa.

How can I buy government bonds in Uganda?

You need a Central Depository System (CDS) account or a digital investment platform like Level Africa.
Steps:

1. Create an account on Level Africa
2. Upload your National ID or Passport (KYC)
3. Go to “Treasury Bonds” under Products
4. Choose a bond that matches your investment goals
5. Deposit funds into your wallet
6. Place your order — instantly if marked “Available”
7. Track your bond and earnings from your dashboard

What are the current treasury bond interest rates in Uganda (2025)?

Rates vary by bond type and auction results. For example:

• 2-Year bond: around 15.75%
• 10-Year bond: around 16.25%
• 20-Year bond: up to 18.50%
  All rates are set during each auction by the Bank of Uganda.

Are treasury bonds safe in 2025?

Yes. Treasury bonds are backed by the Government of Uganda and are considered among the safest investments, especially for long-term or retirement goals.

Do government bonds pay interest?

Yes. Interest is called a coupon and is paid out every 6 months. You receive it directly to your wallet or bank account.

Can I sell a bond before it matures?

Yes, bonds are transferable and can be rediscounted if you need to exit early, although the resale price depends on current market rates.

How do interest rates affect bonds?

If new bond rates go up, the value of existing bonds on the market may go down (and vice versa). However, if you hold your bond until maturity, you still get your full investment and all promised interest.

What’s the difference between treasury bonds and treasury bills?

• Treasury bonds: Long-term (2–25 years), pay interest every 6 months
• Treasury bills: Short-term (91–364 days), sold at a discount and paid back in full at maturity

Can individuals buy Bank of Uganda treasury bonds?

Yes. Both individuals and institutions can invest. Many Ugandans now use Level Africa to access bonds directly with no paperwork.

How often are treasury bonds auctioned in Uganda?

Typically, every 28 days. The auction calendar is published annually by the Bank of Uganda, and Level Africa notifies you ahead of each sale.

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