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

06.05.25'
ISIN
KZKD00000543
Volume
53 260,3 mln KZT
Yield
15,65 %
Maturity
1062 (3)
06.05.25'
ISIN
KZKD00001079
Volume
57 541,3 mln KZT
Yield
14,10 %
Maturity
4235 (12)
06.05.25'
ISIN
KZKD00001210
Volume
31 976,1 mln KZT
Yield
15,51 %
Maturity
1377 (4)
06.05.25'
ISIN
KZKD00001277
Volume
51 741,8 mln KZT
Yield
14,30 %
Maturity
3180 (9)
06.05.25'
ISIN
KZKD00001285
Volume
61 517,9 mln KZT
Yield
14,60 %
Maturity
2460 (7)
22.04.25'
ISIN
KZKD00001202
Volume
62 795,9 mln KZT
Yield
15,40 %
Maturity
1722 (5)
22.04.25'
ISIN
KZKD00001210
Volume
56 341,5 mln KZT
Yield
15,50 %
Maturity
1391 (4)
22.04.25'
ISIN
KZK100000373
Volume
19 420,0 mln KZT
Yield
15,51 %
Maturity
284 (1)
22.04.25'
ISIN
KZKD00000972
Volume
22 542,6 mln KZT
Yield
14,13 %
Maturity
4058 (11)
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)

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
13.05.25 '
Trade subject:
"clean" price
Coupon:
8,66
Announced volume:
40 000,0 mln KZT
Maturity
2847 (8)
Ministry of Finance
13.05.25 '
Trade subject:
"clean" price
Coupon:
11,00
Announced volume:
30 000,0 mln KZT
Maturity
1707 (5)
Ministry of Finance
13.05.25 '
Trade subject:
"clean" price
Coupon:
14,00
Announced volume:
40 000,0 mln KZT
Maturity
3516 (10)

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
06.05.2025 1,1974475 0,2677690 0,7015679 1,0000000
07.05.2025 1,2177025 0,2475140 0,5343922 1,0000000
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
06.05.2025 1,1974475 0,2677690 0,7015679 1,0000000
07.05.2025 1,2177025 0,2475140 0,5343922 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of May 6, 2025, midnight

KZGB_CPm1m 912,46 (-4,87)
KZGB_CP 942,89 (-4,87)
KZGB_CPs 1 155,76 (-1,43)
KZGB_CPm 929,91 (-3,23)
KZGB_CPl 832,24 (-2,38)
KZGB_DPm1m 1 072,86 (-5,12)
KZGB_DP 1 089,22 (-5,02)
KZGB_DPs 1 332,82 (-1,24)
KZGB_DPm 1 181,37 (-3,59)
KZGB_DPl 1 070,55 (-2,54)
KZGB_Ym1m 15,24 ( +0,23) % APR
KZGB_Y 15,24 ( +0,22) % APR
KZGB_Ys 15,91 ( +0,77) % APR
KZGB_Ym 15,76 ( +0,18) % APR
KZGB_Yl 14,43 ( +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