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

28.01.25'
ISIN
KZKD00001178
Volume
31 117,3 mln KZT
Yield
13,92 %
Maturity
3085 (9)
21.01.25'
ISIN
KZKD00001160
Volume
29 270,1 mln KZT
Yield
13,77 %
Maturity
1627 (5)
21.01.25'
ISIN
KZKD00001079
Volume
17 158,9 mln KZT
Yield
13,89 %
Maturity
4340 (12)
14.01.25'
ISIN
KZKD00001095
Volume
36 502,5 mln KZT
Yield
13,69 %
Maturity
1363 (4)
14.01.25'
ISIN
KZKD00001152
Volume
23 928,2 mln KZT
Yield
13,68 %
Maturity
2712 (8)
08.01.25'
ISIN
KZKD00000444
Volume
58 877,2 mln KZT
Yield
13,73 %
Maturity
580 (2)
08.01.25'
ISIN
KZKD00001079
Volume
50 207,0 mln KZT
Yield
13,60 %
Maturity
4353 (12)
26.11.24'
ISIN
KZKD00000725
Volume
14 879,9 mln KZT
Yield
13,17 %
Maturity
5064 (14)
19.11.24'
ISIN
KZKD00000774
Volume
10 900,9 mln KZT
Yield
13,30 %
Maturity
5286 (15)
12.11.24'
ISIN
KZK200000679
Volume
22 114,9 mln KZT
Yield
12,50 %
Maturity
622 (2)
29.10.24'
ISIN
KZKD00001160
Volume
18 909,7 mln KZT
Yield
13,00 %
Maturity
1709 (5)
29.10.24'
ISIN
KZKD00000725
Volume
21 516,6 mln KZT
Yield
13,17 %
Maturity
5091 (14)

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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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
28.01.2025 1,1646925 0,2303179 -0,6995327 0,0860000
29.01.2025 1,1976137 0,1843413 -1,1378839 0,0860000
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
28.01.2025 1,1646925 0,2303179 -0,6995327 0,0860000
29.01.2025 1,1976137 0,1843413 -1,1378839 0,0860000
B0, B1, B2, TAU - parameters of the Nelson-Siegel model

GS index as of Jan. 28, 2025, midnight

KZGB_CPm1m 998,88 ( +15,23)
KZGB_CP 1 029,63 ( +15,72)
KZGB_CPs 1 163,67 (-0,73)
KZGB_CPm 1 001,81 ( +4,18)
KZGB_CPl 914,46 ( +12,63)
KZGB_DPm1m 1 135,01 ( +16,43)
KZGB_DP 1 160,24 ( +16,83)
KZGB_DPs 1 308,63 (-0,45)
KZGB_DPm 1 245,55 ( +5,22)
KZGB_DPl 1 145,13 ( +14,87)
KZGB_Ym1m 12,15 (-0,35) % APR
KZGB_Y 12,17 (-0,33) % APR
KZGB_Ys 11,57 ( +0,10) % APR
KZGB_Ym 12,11 (-0,17) % APR
KZGB_Yl 12,30 (-0,19) % 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