Trade Information

Government securities

On the GS market there are:
  • securities issued by the Ministry of Finance of the Republic of Kazakhstan, including in accordance with foreign legislation
  • notes issued by the National Bank of the Republic of Kazakhstan
  • bonds of local executive bodies
  • foreign government securities

Trades in GS are carried out in the T+2 mode (with settlements on the second day after the conclusion of the deal) and in the T+0 mode (with settlements on the day of the deal conclusion).

Placement of GS

27.05.25'
ISIN
KZKD00000717
Volume
18 682,7 mln KZT
Yield
16,33 %
Maturity
1273 (4)
27.05.25'
ISIN
KZK100000423
Volume
34 027,5 mln KZT
Yield
16,00 %
Maturity
348 (1)
27.05.25'
ISIN
KZKD00001277
Volume
20 827,7 mln KZT
Yield
14,30 %
Maturity
3159 (9)
27.05.25'
ISIN
KZKD00001194
Volume
17 313,1 mln KZT
Yield
14,10 %
Maturity
4201 (12)
26.05.25
ISIN
KZKD00001293
Volume
30 066,0 mln KZT
Yield
14,10 %
Maturity
4676 (13)
20.05.25'
ISIN
KZKD00001269
Volume
25 002,5 mln KZT
Yield
14,16 %
Maturity
3503 (10)
20.05.25'
ISIN
KZKD00000493
Volume
3 908,5 mln KZT
Yield
15,82 %
Maturity
543 (2)
20.05.25'
ISIN
KZKD00000717
Volume
31 927,9 mln KZT
Yield
15,72 %
Maturity
1280 (4)
20.05.25'
ISIN
KZKD00000964
Volume
29 798,6 mln KZT
Yield
15,58 %
Maturity
2150 (6)
20.05.25
ISIN
KZKD00001293
Volume
29 930,0 mln KZT
Yield
0,00 %
Maturity
4682 (13)
13.05.25
ISIN
KZK100000423
Volume
1 941,1 mln KZT
Yield
15,57 %
Maturity
362 (1)
13.05.25'
ISIN
KZKD00001269
Volume
92 325,9 mln KZT
Yield
14,16 %
Maturity
3510 (10)

GS issue schedule on 2025 year

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Securities Market Report

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Kazakhstan macro & market overview
National Bank of Kazakhstan
Q3 2024

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Market Trends

The GS curve is a generally accepted method of presenting the structure of interest rates on non-indexed securities of the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan denominated in tenge, over time, and is one of the main indicators of the state of Kazakhstan's financial market for evaluating bonds of various types and other financial instruments. The building of the GS Curve is based on the Nelson-Siegel parametric model

Estimated parameters for building the GS yield curve
B0 B1 B2 TAU
27.05.2025 1,2095622 0,2754999 0,6094439 1,0000000
28.05.2025 1,2045080 0,2529322 0,6427673 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of May 27, 2025, midnight

KZGB_CPm1m 914,59 ( +0,36)
KZGB_CP 944,98 ( +0,15)
KZGB_CPs 1 159,98 (-0,30)
KZGB_CPm 925,51 (-7,40)
KZGB_CPl 833,29 ( +2,69)
KZGB_DPm1m 1 082,27 ( +0,74)
KZGB_DP 1 089,37 ( +0,49)
KZGB_DPs 1 344,31 ( +0,06)
KZGB_DPm 1 175,48 (-8,70)
KZGB_DPl 1 067,04 ( +3,70)
KZGB_Ym1m 15,22 ( +0,02) % APR
KZGB_Y 15,28 ( +0,05) % APR
KZGB_Ys 16,17 ( +0,23) % APR
KZGB_Ym 15,99 ( +0,22) % APR
KZGB_Yl 14,39 (-0,06) % APR

Instruments available for trading

Evaluating participant activity in the GS market

Scoring model for evaluating the activity of the GS market's participants

As part of the project of the National Bank of the Republic of Kazakhstan and the Ministry of Finance of the Republic of Kazakhstan to launch the institute of primary dealers in the market of GS of the Ministry of Finance of Kazakhstan, a scoring model has been developed to evaluate the activity of market participants

Get file
KASE member Total number of points Primary market points Secondary market points Additional criteria points
1 Halyk Bank 78.5 32.0 31.5 15.0
2 ForteBank 68.5 41.5 22.0 5.0
3 Eurasian Bank 64.0 18.0 31.0 15.0
4 Bank CenterCredit 61.0 35.0 21.0 5.0
5 Kaspi Bank 56.0 23.0 23.0 10.0
6 Citibank 51.5 18.5 23.0 10.0
7 Freedom Finance 48.5 10.5 23.0 15.0
8 Jusan Invest JSC 33.5 33.5 0.0 0.0
9 Freedom Finance Global PLC 24.5 0.0 19.5 5.0
10 Bank RBK 23.5 23.5 0.0 0.0
11 Kazpost 15.5 15.5 0.0 0.0
12 Eurasia Capital 13.5 0.0 8.5 5.0
13 First Heartland Jusan Bank 12.5 0.0 12.5 0.0
14 Standard Investment Company 10.0 0.0 5.0 5.0
15 Altyn Bank 7.5 7.5 0.0 0.0
16 NGDEM Finance 7.0 0.0 2.0 5.0
17 Astana-Invest 5.0 0.0 0.0 5.0
18 ForteFinance 5.0 0.0 0.0 5.0
19 Otbasy bank 5.0 0.0 0.0 5.0
20 UD Capital 5.0 0.0 0.0 5.0
21 Centras Securities 0.0 0.0 0.0 0.0
22 Freedom Bank Kazakhstan 0.0 0.0 0.0 0.0
23 TSBN 0.0 0.0 0.0 0.0