March 2022 Bank Of Uganda Treasury Bond Auction – 5-Year and 20-Year Bonds Reopened
In March 2022, Bank of Uganda announced the reopening of two treasury bonds — one medium-term and one long-term. These government-backed securities provide an excellent way for Ugandans to earn fixed interest while preserving capital. Whether you’re investing for a milestone in five years or building intergenerational wealth, this auction offered options for all.
What Bonds Were Offered?
The following bonds were reopened on Wednesday, March 23, 2022:
- UG12J0605277 – 16.000% Government of Uganda Treasury Bond due 06-May-2027 (5-Year Reopening)
- UG12L0111405 – 17.500% Government of Uganda Treasury Bond due 01-Nov-2040 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J0605277 | 16.000% | 06-May-2027 | UGX 200 billion | 20% |
| 20-Year | UG12L0111405 | 17.500% | 01-Nov-2040 | UGX 300 billion | 10% |
These are reopening bonds, meaning they had been issued previously and were offered again to investors.
Auction Details
- Auction Date: Wednesday, March 23, 2022
- Settlement Date: Thursday, March 24, 2022 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids via Primary Dealer Banks
- Coupon Payments: Every 6 months until maturity
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids (competitive and non-competitive) are awarded at the lowest price accepted — the auction cut-off price.
Why These Bonds Matter
- The 5-year bond is great for medium-term goals like tuition, home improvement, or small business funding.
- The 20-year bond is well-suited for long-term financial planning like retirement, wealth transfer, or large-scale investments.
- With fixed interest and a guaranteed return of principal, these bonds offer both security and predictable income.
- Starting at UGX 100,000, these investments are open to a wide range of Ugandans.
How to Invest with Level Africa
Level Africa lets you invest in government bonds digitally and securely from your phone or computer.
Steps to get started:
-
Create an account on Level Africa
-
Complete KYC with your ID or passport
-
Go to Treasury Bonds under Products
-
Choose bonds listed (including reopened 3Y or 20Y bonds)
-
Fund your Level wallet
-
Buy bonds — instantly, if marked “Available”
-
Track interest and returns from your dashboard
Final Thoughts
The March 2022 auction gave Ugandan investors the opportunity to build wealth and secure their futures with bonds offering high returns and government-backed safety. Whether you’re investing for 5 years or 20, treasury bonds remain one of the most reliable tools for long-term financial growth.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.