May 2025 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You

On May 14, 2025, the Bank of Uganda held a treasury bond auction featuring 3-year, 10-year, and 20-year government bonds. These were reopenings of previously issued bonds — meaning they’re not brand new but are being offered again to raise more funds from the public.

The following bonds were reopened in this auction:

UG12J1301280 – 14.125% 3-Year Bond maturing 13-Jan-2028
UG12K2206346 – 14.250% 10-Year Bond maturing 22-Jun-2034
UG12L1806433 – 15.000% 20-Year Bond maturing 18-Jun-2043

Let’s break down the numbers and what they mean for you as an investor.

What Bonds Were Offered and at What Rates?

Bond Term	Maturity Date	Cut-off Yield (Interest Rate)	Amount Raised
3-Year	13 Feb 2028	16.50%	UGX 174.85 billion
10-Year	22 Jun 2034	17.50%	UGX 399.02 billion
20-Year	18 Jun 2043	17.95%	UGX 654.63 billion

The cut-off yield is the fixed interest rate you lock in when you successfully invest in that bond. The longer the bond’s term, the higher the rate tends to be — because your money stays invested for longer.

What These Results Tell Us

Strong investor demand. For the 20-year bond alone, investors placed bids worth over UGX 670 billion. In total, the government accepted more than UGX 1.2 trillion across all three bonds.
The 3-year bond offered a solid return at 16.50%, a good short-to-mid-term option for people planning ahead for things like school fees or business capital.
The 10-year bond, with a 17.50% yield, suits investors thinking about buying land, starting long-term projects, or building a stable income stream.
The 20-year bond came with the highest return of 17.95%, ideal for retirement or legacy planning.

Across all three, the message is clear: more Ugandans are turning to treasury bonds as a safe and rewarding way to grow their money.

How Much Could You Earn?

Let’s say you invest UGX 1,000,000 in the 10-year bond at 17.50%.

You’d receive UGX 175,000 every year, paid in two parts (every 6 months)
Over 10 years, you’d earn UGX 1,750,000 in interest
At the end of 10 years, you get back your full UGX 1,000,000

That’s real, predictable income — perfect for long-term planning.

How to Invest in Treasury Bonds via Level Africa

You don’t need to visit a bank or fill out complex forms. With Level Africa, the process is fully digital and beginner-friendly.

Here’s how to get started:

Create an account on Level Africa
Upload your National ID or Passport (KYC)
Go to “Treasury Bonds” under Products
Choose a bond based on your goals and preferred term
Deposit money into your wallet
Place your order – bonds marked “Available” can be bought instantly
Track your interest earnings and bond status online

Final Thoughts

The May 2025 bond auction once again shows that treasury bonds remain one of the safest and most reliable investment options in Uganda. Whether you’re looking for short-term growth or long-term stability, there’s a bond for every goal.

And now, with Level Africa, investing is easier than ever.

Start Now – Create an Account on Level Africa

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