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

11.03.25'
ISIN
KZKD00001251
Volume
3 626,2 mln KZT
Yield
15,20 %
Maturity
1796 (5)
11.03.25'
ISIN
KZK100000373
Volume
27 840,6 mln KZT
Yield
15,26 %
Maturity
325 (1)
11.03.25'
ISIN
KZKD00000717
Volume
2 398,8 mln KZT
Yield
15,30 %
Maturity
1349 (4)
11.03.25
ISIN
KZKD00001285
Volume
36 095,5 mln KZT
Yield
14,60 %
Maturity
2515 (7)
04.03.25
ISIN
KZKD00001277
Volume
31 500,0 mln KZT
Yield
0,00 %
Maturity
3242 (9)
04.03.25'
ISIN
KZKD00000659
Volume
10 691,9 mln KZT
Yield
14,61 %
Maturity
950 (3)
04.03.25
ISIN
KZKD00001285
Volume
35 000,0 mln KZT
Yield
0,00 %
Maturity
2522 (7)
25.02.25'
ISIN
KZKD00001244
Volume
45 322,8 mln KZT
Yield
14,45 %
Maturity
2157 (6)
25.02.25'
ISIN
KZK100000373
Volume
78 440,6 mln KZT
Yield
13,97 %
Maturity
341 (1)
25.02.25'
ISIN
KZKD00001269
Volume
20 698,4 mln KZT
Yield
14,10 %
Maturity
3588 (10)
25.02.25'
ISIN
KZKD00000717
Volume
22 408,6 mln KZT
Yield
14,35 %
Maturity
1365 (4)
21.02.25'
ISIN
KZKD00001152
Volume
46 730,9 mln KZT
Yield
14,10 %
Maturity
2675 (7)

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
18.03.25 '
Trade subject:
"clean" price
Coupon:
6,50
Announced volume:
20 000,0 mln KZT
Maturity
939 (3)
Ministry of Finance
18.03.25 '
Trade subject:
"clean" price
Coupon:
12,00
Announced volume:
60 000,0 mln KZT
Maturity
2137 (6)
Ministry of Finance
18.03.25 '
Trade subject:
"clean" price
Coupon:
14,50
Announced volume:
60 000,0 mln KZT
Maturity
3231 (9)

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
14.03.2025 1,1969720 0,2742886 0,2251929 1,0000000
15.03.2025 1,2041117 0,2490056 0,2532600 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
14.03.2025 1,1969720 0,2742886 0,2251929 1,0000000
15.03.2025 1,2041117 0,2490056 0,2532600 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of March 14, 2025, midnight

KZGB_CPm1m 944,76 ( +0,50)
KZGB_CP 973,41 ( +0,65)
KZGB_CPs 1 149,50 (-0,15)
KZGB_CPm 949,98 ( +3,19)
KZGB_CPl 852,05 (-1,34)
KZGB_DPm1m 1 091,37 ( +0,86)
KZGB_DP 1 109,83 ( +1,07)
KZGB_DPs 1 308,65 ( +0,17)
KZGB_DPm 1 199,34 ( +4,18)
KZGB_DPl 1 076,78 (-1,28)
KZGB_Ym1m 14,15 (-0,03) % APR
KZGB_Y 14,05 (-0,02) % APR
KZGB_Ys 15,44 ( +0,18) % APR
KZGB_Ym 14,52 (-0,13) % APR
KZGB_Yl 13,79 ( +0,03) % 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