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

12.08.25'
ISIN
KZK200000760
Volume
53 349,7 mln KZT
Yield
17,00 %
Maturity
1435 (4)
12.08.25'
ISIN
KZKD00001301
Volume
49 272,8 mln KZT
Yield
16,97 %
Maturity
2813 (8)
05.08.25
ISIN
KZK200000760
Volume
63 375,0 mln KZT
Yield
0,00 %
Maturity
1442 (4)
05.08.25'
ISIN
KZKD00001285
Volume
38 250,3 mln KZT
Yield
16,92 %
Maturity
2371 (7)
05.08.25'
ISIN
KZK100000423
Volume
38 915,5 mln KZT
Yield
16,85 %
Maturity
280 (1)
28.07.25'
ISIN
KZKD00001145
Volume
121 856,5 mln KZT
Yield
17,01 %
Maturity
651 (2)
28.07.25
ISIN
KZKF00000012
Volume
29 000,0 mln KZT
Yield
0,00 %
Maturity
1442 (4)
22.07.25'
ISIN
KZKD00000477
Volume
57 089,2 mln KZT
Yield
16,93 %
Maturity
807 (2)
22.07.25'
ISIN
KZKD00001277
Volume
6 259,0 mln KZT
Yield
16,80 %
Maturity
3104 (9)
22.07.25'
ISIN
KZKD00000964
Volume
62 361,7 mln KZT
Yield
16,92 %
Maturity
2088 (6)
15.07.25'
ISIN
KZKD00000543
Volume
84 727,8 mln KZT
Yield
16,85 %
Maturity
993 (3)
08.07.25'
ISIN
KZKD00000790
Volume
66 393,7 mln KZT
Yield
16,97 %
Maturity
1475 (4)

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
14.08.2025 1,5047719 -0,0637684 0,4225663 0,7200000
15.08.2025 1,5069485 -0,0659451 0,4051813 0,7300000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of Aug. 14, 2025, midnight

KZGB_CPm1m 861,92 ( +0,59)
KZGB_CP 887,48 ( +0,67)
KZGB_CPs 1 176,25 (-0,24)
KZGB_CPm 913,48 (-0,32)
KZGB_CPl 745,28 ( +2,13)
KZGB_DPm1m 1 048,41 ( +1,03)
KZGB_DP 1 048,63 ( +1,11)
KZGB_DPs 1 393,47 ( +0,12)
KZGB_DPm 1 187,53 (-0,04)
KZGB_DPl 979,94 ( +3,03)
KZGB_Ym1m 16,92 ( +0,01) % APR
KZGB_Y 16,89 (-0,03) % APR
KZGB_Ys 16,60 ( +0,06) % APR
KZGB_Ym 16,99 (-0,01) % APR
KZGB_Yl 16,71 (-0,05) % 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