June 2024 Bank Of Uganda Treasury Bond Auction – 3-Year and 20-Year Bonds Reopened
In June 2024, Bank of Uganda is giving investors another chance to earn strong, government-backed returns with the reopening of two popular treasury bonds — one short-term and one long-term. Whether you’re planning for a few years or for the future, here’s what’s available in this month’s auction.
What Bonds Are Being Offered?
On Wednesday, June 12, 2024, the following bonds will be auctioned:
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UG12G0907265 – 13.500% Government of Uganda Treasury Bond due 09-Jul-2026 (3-Year Reopening)
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UG12L1806433 – 15.000% Government of Uganda Treasury Bond due 18-Jun-2043 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G0907265 | 13.500% | 09-Jul-2026 | UGX 200 billion | 20% |
| 20-Year | UG12L1806433 | 15.000% | 18-Jun-2043 | UGX 320 billion | 10% |
Auction Details
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Auction Date: Wednesday, June 12, 2024
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Settlement Date: Thursday, June 13, 2024 (by 12:00 PM)
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Bidding Deadline: 10:00 AM on auction day
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Minimum Investment:
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UGX 100,000 for non-competitive bids
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UGX 200.1 million for competitive bids (via a Primary Dealer Bank)
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Interest Payments: Every 6 months, until maturity
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Allotment: All successful bids will be allocated at the same cut-off price — based on the highest accepted yield.
Why These Bonds Matter
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The 3-year bond offers short-term fixed returns, ideal for people with goals like tuition savings, capital for business, or saving for a project.
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The 20-year bond is perfect for long-term planning — think retirement, university funds, or generational wealth.
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Bonds pay fixed interest every 6 months, making them a predictable source of passive income.
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You can start investing from as low as UGX 100,000.
How to Invest with Level Africa
With Level Africa, you can invest in treasury bonds from your phone in minutes.
Here’s how:
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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 2024 treasury bond auction is a great opportunity to invest wisely and earn consistent, government-backed returns. Whether you’re starting small or planning for the long term, these bonds help you grow your wealth safely.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.