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

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)
26.06.25'
ISIN
KZK200000711
Volume
16 262,5 mln KZT
Yield
16,84 %
Maturity
358 (1)
26.06.25'
ISIN
KZKD00001095
Volume
123 454,7 mln KZT
Yield
16,88 %
Maturity
1201 (3)
24.06.25'
ISIN
KZKD00000758
Volume
44 433,3 mln KZT
Yield
16,86 %
Maturity
716 (2)
20.06.25'
ISIN
KZK200000737
Volume
54 272,9 mln KZT
Yield
16,86 %
Maturity
868 (2)
20.06.25'
ISIN
KZKB00000040
Volume
21 162,2 mln KZT
Yield
13,80 %
Maturity
2081 (6)
20.06.25'
ISIN
KZKD00001251
Volume
29 158,1 mln KZT
Yield
16,85 %
Maturity
1697 (5)

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
02.07.2025 1,2335470 0,2109191 0,9279358 1,0000000
03.07.2025 1,2042574 0,2384775 0,9952556 1,0000000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of July 2, 2025, midnight

KZGB_CPm1m 892,93 (-16,98)
KZGB_CP 922,63 (-17,30)
KZGB_CPs 1 166,76 ( +2,30)
KZGB_CPm 917,00 ( +0,28)
KZGB_CPl 802,75 (-26,89)
KZGB_DPm1m 1 069,51 (-19,04)
KZGB_DP 1 076,48 (-18,88)
KZGB_DPs 1 365,61 ( +3,01)
KZGB_DPm 1 177,09 ( +0,69)
KZGB_DPl 1 042,06 (-32,84)
KZGB_Ym1m 16,04 ( +0,41) % APR
KZGB_Y 16,06 ( +0,41) % APR
KZGB_Ys 16,44 (-0,22) % APR
KZGB_Ym 16,75 (-0,03) % APR
KZGB_Yl 15,21 ( +0,65) % 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