November 2024 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
What Happened in the November 2024 Auction?
On November 27, 2024, the Bank of Uganda reopened three government bonds with maturities of 3 years, 10 years, and 20 years. These reopenings allow investors another chance to buy bonds that were previously issued.
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 | 15.80% | UGX 278.60 billion |
| 10-Year | 22-Jun-2034 | 16.50% | UGX 445.43 billion |
| 20-Year | 18-Jun-2043 | 17.50% | UGX 769.53 billion |
The cut-off yield is the fixed interest rate investors earn when they buy the bond at auction. As usual, longer-term bonds offer higher yields in return for locking in your investment longer.
What These Results Tell Us
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The 20-year bond raised the most — over UGX 769 billion, with demand far exceeding the initial offer.
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The 3-year bond had a strong yield of 15.80%, ideal for those with short-term plans.
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The 10-year bond yielded 16.50%, providing a healthy return for mid-to-long-term savings like building a home or funding a child’s education.
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The 20-year bond, offering 17.50%, is a solid option for long-term goals like retirement or generational wealth.
Overall, this auction showed that treasury bonds continue to be in high demand — especially among investors looking for safety, steady income, and long-term returns.
Example: What Would You Earn?
Let’s say you invest UGX 1,000,000 in the 10-year bond at 16.50%:
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You’d earn UGX 165,000 per year, paid every 6 months
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In 10 years, you’d receive UGX 1,650,000 in interest
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You also get your full UGX 1,000,000 back at maturity
That’s reliable, consistent income — no guesswork.
How to Invest in Treasury Bonds via Level Africa
You can now invest in these bonds directly from your phone with Level Africa.
Here’s how to get started:
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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 suits your financial goal
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Deposit funds into your wallet
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Place your order – bonds marked “Available” can be bought instantly
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Track your earnings online — anytime
Final Thoughts
The November 2024 bond auction delivered strong, safe returns for investors. Whether you’re new to investing or planning long-term, treasury bonds continue to be one of the most dependable tools for wealth building in Uganda.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.