March 2024 Bank Of Uganda Treasury Bond Auction – 5-Year and 15-Year Bonds Reopened
If you’re looking to grow your money safely, March brings a great opportunity. Bank of Uganda is reopening two government bonds — giving investors a chance to earn reliable, fixed interest over the medium and long term. Here’s what you need to know.
What Bonds Are Being Offered?
Bank of Uganda will reopen the following bonds on Friday, March 15, 2024:
-
UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
-
UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J1301280 | 14.125% | 13-Jan-2028 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 320 billion | 10% |
Key Auction Details
-
Auction Date: Friday, March 15, 2024
-
Settlement Date: Monday, March 18, 2024 (by 12 PM)
-
Minimum Investment:
-
UGX 100,000 (non-competitive bid)
-
UGX 200.1 million (competitive bid via a primary dealer bank)
-
-
Coupon Payments: Interest is paid every 6 months
-
Bid Deadline: 10:00 AM on auction day
-
Allotment: All successful bids (competitive and non-competitive) are awarded at the same cut-off price — based on the highest accepted yield.
Why These Bonds Matter
-
The 5-year bond is ideal for medium-term goals like tuition, home renovations, or business expansion.
-
The 15-year bond is perfect for long-term planning — including retirement, children’s education, or estate building.
-
You can invest from just UGX 100,000, and earn guaranteed interest every 6 months.
-
These bonds are backed by the government, making them among the safest investment options available.
How to Invest with Level Africa
You can invest from your phone — no paperwork or brokers required.
Here’s how to begin:
-
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
This March 2024 auction gives Ugandans a smart way to invest with confidence. Whether you’re planning 5 years ahead or building wealth over the next 15, these bonds are a powerful addition to your financial strategy.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.