September 2021 Bank Of Uganda Treasury Bond Auction – 2-Year New and 10-Year Reopening Bonds
This September, Bank of Uganda is offering one brand-new treasury bond and reopening another — giving both new and experienced investors flexible options to grow their money safely. Whether you’re investing for a short timeline or the next decade, here’s what you need to know.
What Bonds Are Being Offered?
On Wednesday, September 8, 2021, the following bonds will be auctioned:
- UG12F0709234 – 2-Year Government of Uganda Treasury Bond maturing 07-Sep-2023 (New Bond)
- UG12K0403325 – 16.375% Government of Uganda Treasury Bond maturing 04-Mar-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0709234 | N/A (New) | 07-Sep-2023 | UGX 200 billion | 20% |
| 10-Year | UG12K0403325 | 16.375% | 04-Mar-2032 | UGX 300 billion | 10% |
Note: The 2-year bond is newly issued, so it does not yet have a defined coupon rate — the return will depend on auction results.
Auction Details
- Auction Date: Wednesday, September 8, 2021
- Settlement Date: Thursday, September 9, 2021 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids via Primary Dealer Banks
- Coupon Payments: Paid every 6 months until maturity (for bonds with defined coupons)
- Bidding Deadline: 10:00 AM on auction day
- Allotment Method: All successful bids are allocated at the cut-off price linked to the highest accepted yield
Why These Bonds Matter
- The 2-year bond is ideal for short-term savers looking for fixed, low-risk returns within a couple of years.
- The 10-year bond offers a solid coupon rate of 16.375% — suitable for long-term investment planning.
- Government bonds are backed by the state, making them among the most secure investments available.
- With entry starting at UGX 100,000, they are accessible to nearly all Ugandans interested in growing their wealth.
How to Invest with Level Africa
You can now invest in treasury bonds fully online — no paperwork, no bank queues.
Steps to get started:
-
Create an account on Level Africa
-
Complete KYC with your ID or passport
-
Go to Treasury Bonds under Products
-
Choose bonds listed (including reopened 3Y or 20Y bonds)
-
Fund your Level wallet
-
Buy bonds — instantly, if marked “Available”
-
Track interest and returns from your dashboard
Final Thoughts
The September 2021 bond auction is a great opportunity to invest with confidence — whether you’re testing out your first bond or planning long-term. With a new 2-year option and a reopened 10-year bond at 16.375%, investors have multiple paths to stable, government-backed growth.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.