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

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)
08.07.25'
ISIN
KZKD00001301
Volume
23 255,0 mln KZT
Yield
16,99 %
Maturity
2847 (8)
01.07.25'
ISIN
KZK100000423
Volume
33 896,2 mln KZT
Yield
16,88 %
Maturity
314 (1)
01.07.25'
ISIN
KZKD00000717
Volume
53 883,6 mln KZT
Yield
16,88 %
Maturity
1239 (3)
01.07.25'
ISIN
KZKD00000550
Volume
20 207,5 mln KZT
Yield
16,67 %
Maturity
2453 (7)
01.07.25'
ISIN
XS3093658014
Volume
18 291,3 mln KZT
Yield
0,00 %
Maturity
4320 (12)
01.07.25'
ISIN
XS3093655341
Volume
89 118,3 mln KZT
Yield
0,00 %
Maturity
2520 (7)
26.06.25'
ISIN
KZKT00000057
Volume
81 066,1 mln KZT
Yield
16,84 %
Maturity
1997 (6)

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
28.07.25 '
Trade subject:
"clean" price
Coupon:
10,40
Announced volume:
60 000,0 mln KZT
Maturity
654 (2)
Ministry of Finance
28.07.25 '
Trade subject:
"clean" price
Coupon:
14,29
Announced volume:
30 000,0 mln KZT
Maturity
2046 (6)
Ministry of Finance
28.07.25 '
Trade subject:
fixed coupon value
Announced volume:
60 000,0 mln KZT
Maturity
1466 (4)

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
25.07.2025 1,4619687 -0,0105810 0,3934145 1,0000000
26.07.2025 1,4638139 -0,0098318 0,3750482 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of July 25, 2025, midnight

KZGB_CPm1m 867,91 ( +0,30)
KZGB_CP 894,15 ( +0,32)
KZGB_CPs 1 175,07 ( +0,12)
KZGB_CPm 912,93 (-1,34)
KZGB_CPl 754,63 (-4,77)
KZGB_DPm1m 1 048,83 ( +0,68)
KZGB_DP 1 052,58 ( +0,71)
KZGB_DPs 1 384,39 ( +0,54)
KZGB_DPm 1 180,15 (-1,30)
KZGB_DPl 990,79 (-5,54)
KZGB_Ym1m 16,64 (0,00) % APR
KZGB_Y 16,65 ( +0,02) % APR
KZGB_Ys 16,42 (0,00) % APR
KZGB_Ym 16,87 ( +0,06) % APR
KZGB_Yl 16,48 ( +0,18) % 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 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