October 2023 Bank Of Uganda Treasury Bond Auction – What You Should Know
October started with another chance for Ugandans to grow their investments through government-backed treasury bonds. Bank of Uganda reopened two bonds — one for short-term savers, the other for long-term investors. Here’s everything you need to know to make an informed move.
What Bonds Were Offered?
On October 4, 2023, Bank of Uganda reopened two treasury bonds:
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UG12G0907265 – 13.500% Government of Uganda Treasury Bond due 09-Jul-2026 (3-Year Reopening)
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UG12L1806433 – 15.000% Government of Uganda Treasury Bond due 18-Jun-2043 (20-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 3-Year | UG12G0907265 | 13.500% | 09-Jul-2026 | UGX 200 billion | 20% |
| 20-Year | UG12L1806433 | 15.000% | 18-Jun-2043 | UGX 390 billion | 10% |
How the Auction Works
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Auction Date: Wednesday, October 4, 2023
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Settlement Date: Thursday, October 5, 2023
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Minimum Investment:
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UGX 100,000 (non-competitive)
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UGX 200.1 million (competitive bids, submitted by primary dealer banks)
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Bidding Deadline: 10:00 AM on the auction date
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Coupon Interest: Paid every 6 months
All successful bids — both competitive and non-competitive — were allotted at the same price, based on the highest accepted yield (lowest accepted price).
Why These Bonds Matter
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The 3-year bond is great for short-term planners — whether you’re saving for tuition, capital, or a planned purchase in 2026.
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The 20-year bond suits long-term investors thinking about retirement, children’s education, or creating lasting family wealth.
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Interest payments are made twice a year, helping you build passive income steadily.
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You can start investing with as little as UGX 100,000 — no broker needed.
How to Invest with Level Africa
Level Africa makes bond investing accessible, transparent, and completely digital.
Here’s how 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
With strong coupon rates and government backing, these October 2023 reopened bonds continue to show why treasury bonds are a go-to option for serious investors. Whether you’re just starting or planning for the long haul, there’s a bond that fits your needs.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.