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

02.09.25'
ISIN
KZKD00001301
Volume
32 000,0 mln KZT
Yield
16,95 %
Maturity
2793 (8)
02.09.25'
ISIN
KZKD00001244
Volume
33 011,7 mln KZT
Yield
17,00 %
Maturity
1970 (5)
02.09.25'
ISIN
KZK200000679
Volume
69 424,4 mln KZT
Yield
16,90 %
Maturity
332 (1)
26.08.25'
ISIN
KZKD00001285
Volume
65 486,9 mln KZT
Yield
16,99 %
Maturity
2350 (7)
26.08.25'
ISIN
KZKD00001277
Volume
77 045,7 mln KZT
Yield
16,95 %
Maturity
3070 (9)
26.08.25'
ISIN
KZK200000760
Volume
21 458,4 mln KZT
Yield
16,99 %
Maturity
1421 (4)
19.08.25'
ISIN
KZKD00000774
Volume
34 013,9 mln KZT
Yield
16,75 %
Maturity
5016 (14)
19.08.25'
ISIN
KZKD00000444
Volume
64 789,5 mln KZT
Yield
16,87 %
Maturity
359 (1)
19.08.25'
ISIN
KZKD00000790
Volume
84 646,0 mln KZT
Yield
16,98 %
Maturity
1434 (4)
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
16,88 %
Maturity
1442 (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
03.09.2025 1,5202178 -0,0627777 0,4015180 0,6200000
04.09.2025 1,5414361 -0,0874541 0,3150158 0,3160000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of Sept. 3, 2025, midnight

KZGB_CPm1m 861,53 (-1,68)
KZGB_CP 886,84 (-1,78)
KZGB_CPs 1 178,70 (-0,77)
KZGB_CPm 913,53 (-1,89)
KZGB_CPl 742,06 (-4,35)
KZGB_DPm1m 1 054,53 (-1,62)
KZGB_DP 1 053,13 (-1,66)
KZGB_DPs 1 403,83 (-0,52)
KZGB_DPm 1 194,44 (-1,99)
KZGB_DPl 979,92 (-5,07)
KZGB_Ym1m 17,00 ( +0,09) % APR
KZGB_Y 16,99 ( +0,09) % APR
KZGB_Ys 16,82 ( +0,14) % APR
KZGB_Ym 17,13 ( +0,13) % APR
KZGB_Yl 16,82 ( +0,13) % 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