March 2021 Bank Of Uganda Treasury Bond Auction – 3-Year and 10-Year Bonds Reopened
March brought another chance for investors to grow their money through reliable government securities. Bank of Uganda reopened two treasury bonds with solid interest rates and flexible investment timelines. Whether you’re looking at short-term returns or long-term wealth growth, here’s what was on offer.
What Bonds Were Offered?
The following bonds were auctioned on Wednesday, March 17, 2021:
- UG12J1801248 – 14.000% Government of Uganda Treasury Bond due 18-Jan-2024 (3-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 |
|---|---|---|---|---|---|
| 3-Year | UG12J1801248 | 14.000% | 18-Jan-2024 | UGX 180 billion | 20% |
| 10-Year | UG12K0304317 | 17.000% | 03-Apr-2031 | UGX 270 billion | 10% |
These are reopening bonds, meaning they were issued previously and are now available again for purchase.
Auction Details
- Auction Date: Wednesday, March 17, 2021
- Settlement Date: Thursday, March 18, 2021 (by 12:00 PM)
- Bidding Deadline: 10:00 AM on auction day
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids via Primary Dealer Banks
- Coupon Payments: Paid every 6 months through maturity
- Allotment: All successful bids — whether competitive or non-competitive — were awarded at the same cut-off price based on the highest accepted yield
Why These Bonds Matter
- The 3-year bond offers a solid return with a shorter investment period, ideal for tuition, capital planning, or near-term goals.
- The 10-year bond provides higher interest and long-term growth potential for those saving for major life events like property or retirement.
- Government bonds offer low risk, steady income, and guaranteed principal at maturity.
- With entry as low as UGX 100,000, these bonds are accessible to nearly anyone ready to invest.
How to Invest with Level Africa
Level Africa lets you invest in bonds fully online — no paperwork, no queues.
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 March 2021 bond auction offered strong, government-backed investment options for all levels of investors. Whether your goals are near or far, these bonds remain one of the smartest ways to earn passive income and build your financial future.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.