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

10.06.25'
ISIN
KZKD00001277
Volume
10 464,3 mln KZT
Yield
14,30 %
Maturity
3146 (9)
10.06.25'
ISIN
KZKD00001160
Volume
42 880,2 mln KZT
Yield
16,87 %
Maturity
1488 (4)
10.06.25'
ISIN
KZKD00000493
Volume
39 867,5 mln KZT
Yield
16,40 %
Maturity
523 (1)
03.06.25'
ISIN
KZKD00000543
Volume
20 892,9 mln KZT
Yield
16,44 %
Maturity
1035 (3)
03.06.25
ISIN
KZKD00001301
Volume
20 000,0 mln KZT
Yield
14,45 %
Maturity
2882 (8)
03.06.25'
ISIN
KZKD00000790
Volume
19 074,3 mln KZT
Yield
16,57 %
Maturity
1510 (4)
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)

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

Go to the review

Announcements

Ministry of Finance
17.06.25 '
Trade subject:
"clean" price
Coupon:
10,47
Announced volume:
60 000,0 mln KZT
Maturity
1210 (3)
Ministry of Finance
17.06.25 '
Trade subject:
"clean" price
Coupon:
8,44
Announced volume:
60 000,0 mln KZT
Maturity
2123 (6)
Ministry of Finance
17.06.25 '
Trade subject:
"clean" price
Coupon:
14,50
Announced volume:
60 000,0 mln KZT
Maturity
3139 (9)
Ministry of Finance
17.06.25 '
Trade subject:
"clean" price
Announced volume:
60 000,0 mln KZT
Maturity
234 (1)

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
14.06.2025 1,1400191 0,3070431 1,0270563 1,0000000
17.06.2025 1,1415234 0,3098643 1,0186930 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of June 16, 2025, midnight

KZGB_CPm1m 911,39 ( +0,07)
KZGB_CP 941,42 ( +0,07)
KZGB_CPs 1 161,81 ( +0,51)
KZGB_CPm 923,51 ( +0,94)
KZGB_CPl 834,84 ( +4,43)
KZGB_DPm1m 1 085,12 ( +1,10)
KZGB_DP 1 091,85 ( +1,11)
KZGB_DPs 1 353,69 ( +1,73)
KZGB_DPm 1 179,46 ( +2,18)
KZGB_DPl 1 075,87 ( +6,55)
KZGB_Ym1m 15,49 (0,00) % APR
KZGB_Y 15,49 (0,00) % APR
KZGB_Ys 16,18 (-0,01) % APR
KZGB_Ym 16,39 (-0,05) % APR
KZGB_Yl 14,41 (-0,12) % 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