May 2023 Bank Of Uganda Treasury Bond Auction – 5-Year and 20-Year Bonds Reopened
May 2023 brings another opportunity to grow your investments through treasury bonds. The Bank of Uganda is reopening two bonds — one for medium-term planners and another for long-term investors. Here’s everything you need to know to take advantage.
What Bonds Are Being Offered?
On Wednesday, May 17, 2023, Bank of Uganda will reopen:
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UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
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UG12L1408420 – 18.500% Government of Uganda Treasury Bond due 14-Aug-2042 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J1301280 | 14.125% | 13-Jan-2028 | UGX 150 billion | 20% |
| 20-Year | UG12L1408420 | 18.500% | 14-Aug-2042 | UGX 250 billion | 10% |
Auction Details
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Auction Date: Wednesday, May 17, 2023
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Settlement Date: Thursday, May 18, 2023 (by 12:00 PM)
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Minimum Investment:
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UGX 100,000 for non-competitive bids
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UGX 200.1 million for competitive bids (via Primary Dealer Banks)
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Bidding Deadline: 10:00 AM on auction day
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Coupon Payments: Interest is paid every 6 months
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Allotment Method: All successful bids receive the same cut-off price, which corresponds to the highest accepted yield.
Why These Bonds Matter
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The 5-year bond is ideal for medium-term goals like school fees, land, or capital for a growing business.
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The 20-year bond is perfect for long-term planning — retirement, generational wealth, or a child’s future education.
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With interest rates as high as 18.5%, these bonds offer some of the best fixed-income returns in the market.
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They are backed by the Government of Uganda, making them a low-risk investment.
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You can start investing from as little as UGX 100,000.
How to Invest with Level Africa
Level Africa makes the bond investment process simple and 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
May’s bond auction is a strong opportunity to earn safe, fixed returns whether you’re investing for 5 years or 20. Treasury bonds are one of the most dependable ways to build wealth with peace of mind.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.