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

15.04.25'
ISIN
KZKD00001269
Volume
54 795,1 mln KZT
Yield
14,16 %
Maturity
3538 (10)
15.04.25'
ISIN
KZKD00000477
Volume
85 645,8 mln KZT
Yield
15,60 %
Maturity
904 (3)
08.04.25'
ISIN
KZKD00001202
Volume
70 867,2 mln KZT
Yield
15,40 %
Maturity
1736 (5)
08.04.25'
ISIN
KZKD00000493
Volume
47 661,2 mln KZT
Yield
15,60 %
Maturity
585 (2)
08.04.25'
ISIN
KZKD00000931
Volume
39 853,6 mln KZT
Yield
14,45 %
Maturity
2876 (8)
01.04.25'
ISIN
KZKD00000444
Volume
36 582,2 mln KZT
Yield
15,78 %
Maturity
497 (1)
01.04.25'
ISIN
KZKD00001210
Volume
51 081,8 mln KZT
Yield
15,50 %
Maturity
1412 (4)
01.04.25'
ISIN
KZKD00001285
Volume
23 205,5 mln KZT
Yield
14,60 %
Maturity
2495 (7)
28.03.25'
ISIN
KZKD00001269
Volume
80 907,4 mln KZT
Yield
14,10 %
Maturity
3555 (10)
28.03.25'
ISIN
KZKD00001285
Volume
70 585,4 mln KZT
Yield
14,60 %
Maturity
2498 (7)
28.03.25'
ISIN
KZKD00001152
Volume
44 955,0 mln KZT
Yield
14,60 %
Maturity
2638 (7)
27.03.25
ISIN
KZKB00000040
Volume
60 000,0 mln KZT
Yield
0,00 %
Maturity
2164 (6)

GS issue schedule on 2025 year

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Securities Market Report

Go to the review

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
15.04.2025 1,3072320 0,1553931 0,5216841 0,2100000
16.04.2025 1,3217660 0,1313513 0,6243369 0,2100000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

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
15.04.2025 1,3072320 0,1553931 0,5216841 0,2100000
16.04.2025 1,3217660 0,1313513 0,6243369 0,2100000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of April 15, 2025, midnight

KZGB_CPm1m 930,47 ( +1,08)
KZGB_CP 956,75 ( +1,11)
KZGB_CPs 1 153,41 (-1,14)
KZGB_CPm 949,42 (-1,68)
KZGB_CPl 837,18 ( +3,05)
KZGB_DPm1m 1 086,30 ( +1,53)
KZGB_DP 1 097,38 ( +1,55)
KZGB_DPs 1 323,33 (-0,91)
KZGB_DPm 1 197,84 (-1,69)
KZGB_DPl 1 068,92 ( +4,03)
KZGB_Ym1m 14,55 ( +0,02) % APR
KZGB_Y 14,55 ( +0,02) % APR
KZGB_Ys 15,89 ( +0,29) % APR
KZGB_Ym 14,67 ( +0,11) % APR
KZGB_Yl 14,26 (-0,07) % 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