March 2025 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
On March 19, 2025, the Bank of Uganda reopened three types of treasury bonds: 3-year, 10-year, and 20-year. These were not new bonds — they had been issued before and were made available again for new investors to buy.
The following bonds were reopened in this auction:
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UG12J1301280 – 14.125% 3-Year Bond maturing 13-Jan-2028
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UG12K2206346 – 14.250% 10-Year Bond maturing 22-Jun-2034
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UG12L1806433 – 15.000% 20-Year Bond maturing 18-Jun-2043
What Bonds Were Offered and at What Rates?
| Bond Term | Maturity Date | Cut-off Yield (Interest Rate) | Amount Raised |
|---|---|---|---|
| 3-Year | 13-Jan-2028 | 16.20% | UGX 229.25 billion |
| 10-Year | 22-Jun-2034 | 17.10% | UGX 393.05 billion |
| 20-Year | 18-Jun-2043 | 17.50% | UGX 599.58 billion |
The cut-off yield is the interest rate investors will earn if their bid is accepted. Generally, the longer the bond’s term, the higher the return — to reward investors for committing their money for a longer period.
What These Results Tell Us
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Demand was high: The 20-year bond alone attracted over UGX 1.1 trillion in bids. That’s almost double what the government was offering.
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The 3-year bond gives a return of 16.20%, a strong option for those saving toward near-term goals like school fees or business expenses.
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The 10-year bond, yielding 17.10%, is great for mid- to long-term goals like land purchase, home building, or funding children’s education.
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The 20-year bond, paying 17.50%, is perfect for long-term investors planning for retirement or building generational wealth.
Example: What You Could Earn
If you invested UGX 1,000,000 in the 10-year bond at 17.10%, here’s how it would grow:
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You’d receive UGX 171,000 per year, paid every 6 months
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Over 10 years, you’d earn UGX 1,710,000
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Your original UGX 1,000,000 is returned at maturity
That’s over 70% return, guaranteed, and paid out like a salary.
How to Invest in Treasury Bonds via Level Africa
Level Africa lets you invest in government bonds without leaving your home.
Here’s how to start:
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Create an account on Level Africa
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Upload your National ID or Passport (KYC)
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Go to “Treasury Bonds” under Products
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Choose a bond that fits your timeline
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Deposit funds into your Level wallet
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Place your order — bonds marked “Available” can be purchased instantly
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Track your returns online
Final Thoughts
The March 2025 auction proves once again that treasury bonds are one of the best options for Ugandans who want to grow their money safely. With returns over 16% and backed by the government, they offer stability, income, and growth.
And now with Level Africa, investing has never been easier.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa!