September 2024 Bank Of Uganda Treasury Bond Auction – Results & What It Means for You
What Happened in the September 2024 Auction?
On September 4, 2024, the Bank of Uganda reopened three treasury bonds: 2-year, 5-year, and 15-year maturities. These are not new bonds — they were issued before and offered again to raise more funds from investors.
The following bonds were reopened in this auction:
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UG12G0907265 – 13.500% 2-Year Bond maturing 09-Jul-2026
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UG0000001533 – 14.250% 5-Year Bond maturing 23-Aug-2029
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UG12K2306393 – 15.800% 15-Year Bond maturing 23-Jun-2039
What Bonds Were Offered and at What Rates?
| Bond Term | Maturity Date | Cut-off Yield (Interest Rate) | Amount Raised |
|---|---|---|---|
| 2-Year | 09-Jul-2026 | 15.50% | UGX 262.82 billion |
| 5-Year | 23-Aug-2029 | 16.00% | UGX 399.77 billion |
| 15-Year | 23-Jun-2039 | 16.50% | UGX 458.26 billion |
The cut-off yield is the final interest rate investors receive when they successfully buy a bond at auction. The longer the bond, the higher the yield — to reward you for waiting longer.
What These Results Tell Us
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The 5-year bond was in high demand — over UGX 400 billion was raised, showing investor preference for medium-term investments.
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The 2-year bond at 15.50% provides a strong short-term return, ideal for those with upcoming financial needs like school fees or business capital.
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The 15-year bond offered 16.50%, a steady return for long-term goals like retirement or building wealth for the next generation.
Across all three, the high bid-to-cover ratios show strong investor interest in government bonds as a safe way to grow money in Uganda.
Example: What You Could Earn
If you invested UGX 1,000,000 in the 5-year bond at 16.00%:
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You’d receive UGX 160,000 annually, split into two payments
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Over 5 years, that’s UGX 800,000 in interest
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You also get back your full UGX 1,000,000 at the end
How to Invest in Treasury Bonds via Level Africa
With Level Africa, investing is easy, digital, and fully licensed.
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 goal
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Deposit money into your wallet
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Place your order – bonds marked “Available” can be bought instantly
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Track your interest and returns in your dashboard
Final Thoughts
The September 2024 auction delivered attractive yields and solid demand. Whether you’re saving for short-term goals or long-term plans, treasury bonds remain one of the safest, most rewarding options in Uganda.
Start Now – Create an Account on Level Africa
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