June 2025 Bank of Uganda Treasury Bond Auction – Results & What It Means for You

On June 11, 2025, the Bank of Uganda held a treasury bond auction featuring 2-year, 5-year, and 15-year bonds. These weren’t new bonds — they were reopenings, meaning they were previously issued and are being offered again to raise additional funds.

For anyone investing or planning to invest in treasury bonds, here’s a simple breakdown of what happened, what the interest rates were, and how you can take advantage of the returns.

The following bonds were reopened in this auction:

- UG12G0907265 – 13.500% 2-Year Bond maturing 09-Jul-2026
- UG0000001533 – 14.250% 5-Year Bond maturing 23-Aug-2029
- UG12K2306393 – 15.800% 15-Year Bond maturing 23-Jun-2039

Let’s break down the numbers and what they mean for you as an investor.

What Bonds Were Offered and at What Rates?

Bond Term	Maturity Date	Cut-off Yield (Interest Rate)	Amount Raised
2-Year	9 July 2026	15.75%	UGX 280 billion
5-Year	23 August 2029	16.75%	UGX 312.26 billion
15-Year	23 June 2039	17.80%	UGX 499.41 billion

Cut-off yield simply means the interest rate the government agrees to pay successful bidders. Think of it as the deal you lock in when you invest in that bond. The longer your money is invested, the higher the rate tends to be.

What Do These Results Tell Us?

Investors were eager to buy. The total amount people tried to invest was higher than what the government accepted. For example, UGX 499 billion was raised from the 15-year bond alone, out of UGX 781 billion that investors offered.
The 2-year bond had a yield of 15.75%, offering a solid return for those looking for a short-term option. It’s a good pick for people who want to test out bonds without committing for too long.
The 5-year bond gave a slightly higher return at 16.75%. It’s ideal for people investing toward medium-term goals like land, tuition, or a business launch in a few years.
The 15-year bond had the highest return at 17.80%. While it’s a longer wait, it suits those planning for big goals like retirement, children’s university, or wealth preservation.
Across all three bonds, the demand was high, meaning more people are turning to treasury bonds as a safer and more rewarding investment option.

In simple terms, treasury bonds continue to be one of the most attractive ways to grow your money in Uganda.

Real-Life Example – What You Could Earn

Let’s say you invested UGX 1,000,000 in the 2-year bond at 15.75%:

You’d earn UGX 157,500 per year in interest (split into two payments every 6 months)
Over 2 years, that’s UGX 315,000
At the end of 2 years, you get back your UGX 1,000,000

And the best part? The interest is paid to your wallet automatically — no follow-ups needed.

How to Invest in Treasury Bonds Through Level Africa

Investing in bonds used to mean going through brokers or filling out paperwork. But not anymore. With Level Africa, the entire process is digital, beginner-friendly, and fully licensed.

Here’s how to get started:

Create an account on Level Africa
Upload your National ID or Passport (KYC)
Go to Treasury Bonds under products
Choose a bond that fits your timeline and goal
Deposit money into your Level Africa wallet
Place your order — bonds marked “Available” can be bought instantly
Start earning interest and track everything from your dashboard

Final Thoughts

The June 2025 bond auction offered strong, reliable returns for anyone looking to invest with confidence. Whether you’re investing for school fees, retirement, or building your financial cushion — treasury bonds remain one of the safest and most rewarding options.

And now, you can access them directly through Level Africa.

Ready to start investing in bonds?

Start Now – Create an Account on Level Africa!

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

Stay updated by following our WhatsApp channel

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:

Create an account on Level Africa
Upload your National ID or Passport (KYC)
Go to “Treasury Bonds” under Products
Choose a bond that matches your investment goals
Deposit funds into your wallet
Place your order — instantly if marked “Available”
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.