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

07.10.25'
ISIN
KZKD00000972
Volume
31 381,2 mln KZT
Yield
16,90 %
Maturity
3893 (11)
07.10.25
ISIN
KZK200000778
Volume
363,3 mln KZT
Yield
16,95 %
Maturity
1802 (5)
26.09.25'
ISIN
KZKD00001301
Volume
53 117,0 mln KZT
Yield
17,00 %
Maturity
2769 (8)
26.09.25'
ISIN
KZKD00000618
Volume
3 657,2 mln KZT
Yield
17,00 %
Maturity
712 (2)
23.09.25'
ISIN
KZK200000679
Volume
3 500,0 mln KZT
Yield
16,89 %
Maturity
311 (1)
23.09.25'
ISIN
KZK200000760
Volume
40 152,0 mln KZT
Yield
16,98 %
Maturity
1394 (4)
23.09.25'
ISIN
KZKD00000550
Volume
36 101,3 mln KZT
Yield
16,79 %
Maturity
2371 (7)
16.09.25'
ISIN
KZKD00001152
Volume
11 906,4 mln KZT
Yield
17,00 %
Maturity
2470 (7)
16.09.25'
ISIN
KZKD00000790
Volume
12 566,8 mln KZT
Yield
16,99 %
Maturity
1407 (4)
16.09.25'
ISIN
KZK100000423
Volume
88 363,4 mln KZT
Yield
16,95 %
Maturity
239 (1)
16.09.25'
ISIN
KZKD00001137
Volume
12 955,7 mln KZT
Yield
17,00 %
Maturity
926 (3)
09.09.25'
ISIN
KZKD00001277
Volume
155,0 mln KZT
Yield
16,95 %
Maturity
3057 (8)

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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Announcements

Ministry of Finance
14.10.25 '
Trade subject:
"clean" price
Coupon:
5,49
Announced volume:
60 000,0 mln KZT
Maturity
698 (2)
Ministry of Finance
14.10.25 '
Trade subject:
"clean" price
Coupon:
10,78
Announced volume:
30 000,0 mln KZT
Maturity
3915 (11)
Ministry of Finance
14.10.25 '
Trade subject:
"clean" price
Coupon:
10,47
Announced volume:
30 000,0 mln KZT
Maturity
1097 (3)
Ministry of Finance
14.10.25 '
Trade subject:
"clean" price
Coupon:
14,00
Announced volume:
60 000,0 mln KZT
Maturity
2012 (6)

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
09.10.2025 1,5527900 -0,1091895 0,2895565 0,1760000
10.10.2025 1,5528281 -0,1040355 0,2834022 0,1760000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of Oct. 9, 2025, midnight

KZGB_CPm1m 866,28 ( +0,09)
KZGB_CP 891,30 ( +0,09)
KZGB_CPs 1 185,31 ( +0,29)
KZGB_CPm 922,61 ( +0,42)
KZGB_CPl 741,88 (-0,56)
KZGB_DPm1m 1 072,71 ( +0,46)
KZGB_DP 1 070,42 ( +0,46)
KZGB_DPs 1 426,40 ( +0,76)
KZGB_DPm 1 217,27 ( +0,89)
KZGB_DPl 993,18 (-0,33)
KZGB_Ym1m 16,88 (0,00) % APR
KZGB_Y 16,88 (0,00) % APR
KZGB_Ys 16,76 (-0,04) % APR
KZGB_Ym 16,90 (-0,02) % APR
KZGB_Yl 16,86 ( +0,01) % 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 Alatau City 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 Alatau City 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