September 2023 Bank of Uganda Treasury Bond Auction – What Investors Should Know
This September kicked off with another opportunity for investors to grow their money through safe, government-backed bonds. The Bank of Uganda offered two reopened bonds — one mid-term and one long-term — with attractive interest rates and flexible bidding options. Here’s what was on offer and how you can benefit.
What Bonds Were Offered?
Bank of Uganda reopened the following government treasury bonds on September 6, 2023:
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UG12J1301280 – 14.125% Government of Uganda Treasury Bond due 13-Jan-2028 (5-Year Reopening)
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UG12K1405378 – 16.000% Government of Uganda Treasury Bond due 14-May-2037 (15-Year Reopening)
Offering Details:
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 5-Year | UG12J1301280 | 14.125% | 13-Jan-2028 | UGX 200 billion | 20% |
| 15-Year | UG12K1405378 | 16.000% | 14-May-2037 | UGX 390 billion | 10% |
How the Auction Works
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Auction Date: Wednesday, September 6, 2023
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Settlement Date: Thursday, September 7, 2023 at 12:00 PM
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Minimum Bids:
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Competitive: UGX 200.1 million
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Non-Competitive: UGX 100,000
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Accepted in Full: Non-competitive bids up to UGX 200 million per tenor
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Allotment Price: All successful bids are allocated at the lowest price (highest accepted yield)
These bonds pay interest every 6 months, creating a predictable stream of income.
Why This Matters
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The 5-year bond is suitable for medium-term goals like tuition, home building, or a business launch.
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The 15-year bond is ideal for investors planning long-term — retirement, children’s university, or wealth preservation.
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With interest rates above 14% and 16%, these bonds offer higher returns than many savings accounts or fixed deposits.
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Anyone can participate — non-competitive bids start from as low as UGX 100,000.
How to Invest with Level Africa
Level Africa lets you invest in government bonds from your phone — no paperwork, no broker, no stress.
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 high interest rates and full government backing, the September 2023 bond auction is another smart opportunity to grow your investments safely. Whether you’re new to bonds or ready to build long-term wealth, now’s the time to start.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.