May 2022 Bank Of Uganda Treasury Bond Auction – 2-Year and 10-Year Bonds Reopened
In May 2022, Bank of Uganda reopened two treasury bonds — a short-term 2-year and a long-term 10-year — giving Ugandans another opportunity to earn fixed interest income through low-risk government securities. Here’s a breakdown of what was offered and how to invest.
What Bonds Were Offered?
On Wednesday, May 18, 2022, the following bonds were auctioned:
- UG12F0709234 – 10.000% Government of Uganda Treasury Bond due 07-Sep-2023 (2-Year Reopening)
- UG12K0403325 – 16.375% Government of Uganda Treasury Bond due 04-Mar-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0709234 | 10.000% | 07-Sep-2023 | UGX 150 billion | 20% |
| 10-Year | UG12K0403325 | 16.375% | 04-Mar-2032 | UGX 250 billion | 10% |
These are reopening bonds, meaning they were previously issued and are being offered again for new investment.
Auction Details
- Auction Date: Wednesday, May 18, 2022
- Settlement Date: Thursday, May 19, 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
- Bidding Deadline: 10:00 AM on auction day
- Coupon Payments: Interest paid every 6 months
- Allotment Method: All successful bids (competitive and non-competitive) are awarded at the auction’s cut-off price
Why These Bonds Matter
- The 2-year bond is perfect for short-term saving goals like school fees, home improvements, or capital for a project.
- The 10-year bond offers a strong return for long-term goals like real estate, retirement, or wealth building.
- Bonds provide predictable income, with interest paid twice a year and full principal returned at maturity.
- Accessible to anyone with UGX 100,000 or more, these are low-risk investments backed by the government.
How to Invest with Level Africa
You don’t need a broker or paperwork to invest in bonds. With Level Africa, it’s fully digital.
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 May 2022 bond auction offered both short- and long-term investment opportunities for Ugandans looking to grow their money safely. Whether you’re investing for 2 or 10 years, government bonds provide reliable returns and security.
Start Now – Create an Account on Level Africa
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