Government securities

The following are represented on the government securities market:

securities issued by the Ministry of Finance of the Republic of Kazakhstan, including subject to the foreign laws
notes issued by the National Bank of the Republic of Kazakhstan
bonds of local executive bodies
foreign government securities

Trading and settlements for liquid government securities take place using the T+2 technology (on the second day after the transaction is made), for illiquid securities using the T+0 technology (on the day the transaction is made)

Markets/

Stock Markets/

Government securities

Recent placement

GS issue schedule on 2025 year

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Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 17.09.2025

KZGB_CPm1m

864,00

+0,33 %

KZGB_CP

886,29

+0,01 %

KZGB_CPs

1 180,98

+0,01 %

KZGB_CPm

914,80

+0,01 %

KZGB_CPl

740,86

+0,06 %

"Clean" price index

KZGB_DPm1m

1 062,30

+0,35 %

KZGB_DP

1 057,12

+0,04 %

KZGB_DPs

1 411,59

+0,04 %

KZGB_DPm

1 200,74

+0,04 %

KZGB_DPl

983,29

+0,09 %

"Dirty" price Index

KZGB_Ym1m

16,85% APR

-0,20

KZGB_Y

17,07% APR

+0,03

KZGB_Ys

16,84% APR

KZGB_Ym

17,19% APR

+0,03

KZGB_Yl

16,87% APR

-0,02

Yield Index

Instruments available for trading

All instruments

Finance Ministry RK

NBRK

Akimats

Foreign GS

Ticker	ISIN	Currency	Volume,mln KZT	Yield,%	Coupon, %	Maturity	Market-maker	Date
NTK028_2867	KZW100014338	KZT	30,0	15,75	–	28 (0)	–	17.09.2025
MUM108_0015	KZKD00001277	KZT	101,6	17,00	14,50	3 049 (8)	–	17.09.2025
MUM072_0015	KZKD00001251	KZT	51,4	17,00	12,00	1 610 (4)	–	17.09.2025
MUM084_0019	KZKD00001244	KZT	0,115	16,40	12,00	1 955 (5)	–	17.09.2025
KZ_23_3504	XS2914770545	USD	274,7	4,75	4,71	3 442 (9)	–	17.09.2025
MUM180_0015	KZKD00001186	KZT	0,007	16,00	10,78	3 938 (11)	–	16.09.2025
MUM240_0001	KZKD00000550	KZT	0,001	16,30	5,50	2 377 (7)	Halyk Bank; Freedom Finance	16.09.2025
MUM096_0011	KZKD00001095	KZT	10 000,0	16,50	10,47	1 120 (3)	Freedom Finance	16.09.2025
MOM048_0054	KZK200000729	KZT	0,045	16,40	13,90	359 (1)	Freedom Finance	16.09.2025
MUM180_0016	KZKD00001194	KZT	0,082	16,00	11,05	4 091 (11)	–	15.09.2025

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
MKM012_0161	KZK100000423	16.09.25	88 363,4	412,2	16,9496	–	239 (1)
MUM084_0018	KZKD00001137	16.09.25	12 955,7	195,9	17,0000	10,40	926 (3)
MUM132_0007	KZKD00001152	16.09.25	11 906,4	77,5	17,0000	10,65	2 470 (7)
MUM180_0011	KZKD00000790	16.09.25	12 566,8	91,0	16,9880	7,68	1 407 (4)
MUM096_0014	KZKD00001228	09.09.25	13 650,4	37,6	16,9996	14,00	2 043 (6)
MKM012_0161	KZK100000423	09.09.25	5 236,8	208,3	16,9200	–	246 (1)
MOM048_0056	KZK200000760	09.09.25	19 007,1	243,5	16,9791	17,01	1 408 (4)
MUM108_0015	KZKD00001277	09.09.25	155,0	29,8	16,9500	14,50	3 057 (8)
MOM060_0052	KZK200000679	02.09.25	69 424,4	338,3	16,9000	10,50	332 (1)
MUM084_0019	KZKD00001244	02.09.25	33 011,7	123,3	17,0000	12,00	1 970 (5)
MUM096_0015	KZKD00001301	02.09.25	32 000,0	200,1	16,9450	14,45	2 793 (8)
MUM084_0020	KZKD00001285	26.08.25	65 486,9	115,1	16,9898	14,60	2 350 (7)
MUM108_0015	KZKD00001277	26.08.25	77 045,7	222,3	16,9500	14,50	3 070 (9)
MOM048_0056	KZK200000760	26.08.25	21 458,4	147,9	16,9887	17,01	1 421 (4)
MUM300_0002	KZKD00000774	19.08.25	34 013,9	252,5	16,7507	8,35	5 016 (14)
MUM180_0004	KZKD00000444	19.08.25	64 789,5	222,7	16,8685	5,50	359 (1)
MUM180_0011	KZKD00000790	19.08.25	84 646,0	291,2	16,9814	7,68	1 434 (4)
MUM096_0015	KZKD00001301	12.08.25	49 272,8	137,0	16,9697	14,45	2 813 (8)
MOM048_0056	KZK200000760	12.08.25	53 349,7	222,1	17,0005	17,01	1 435 (4)
MKM012_0161	KZK100000423	05.08.25	38 915,5	438,2	16,8492	–	280 (1)
MOM048_0056	KZK200000760	05.08.25	63 375,0	172,3	16,8758	17,01	1 442 (4)
MUM084_0020	KZKD00001285	05.08.25	38 250,3	118,9	16,9220	14,60	2 371 (7)
MUM072_0013	KZKD00001145	28.07.25	121 856,5	271,1	17,0102	10,40	651 (2)
MTC048_0001	KZKF00000012	28.07.25	29 000,0	80,8	0,0000	0,98	1 442 (4)
MUM192_0001	KZKD00000477	22.07.25	57 089,2	172,1	16,9308	5,30	807 (2)
MUM108_0015	KZKD00001277	22.07.25	6 259,0	54,3	16,8000	14,50	3 104 (9)
MUM156_0006	KZKD00000964	22.07.25	62 361,7	154,8	16,9183	8,44	2 088 (6)
MUM192_0002	KZKD00000543	15.07.25	84 727,8	1 026,4	16,8497	5,00	993 (3)
MUM096_0015	KZKD00001301	08.07.25	23 255,0	153,2	16,9900	14,45	2 847 (8)
MUM180_0011	KZKD00000790	08.07.25	66 393,7	19,2	16,9692	7,68	1 475 (4)
MUM180_0009	KZKD00000717	01.07.25	53 883,6	240,4	16,8769	7,22	1 239 (3)
MKM012_0161	KZK100000423	01.07.25	33 896,2	282,2	16,8806	–	314 (1)
MUM240_0001	KZKD00000550	01.07.25	20 207,5	90,4	16,6703	5,50	2 453 (7)
KZ_25_3707	XS3093658014	01.07.25	18 291,3	–	0,0000	5,50	4 320 (12)
KZ_24_3207	XS3093655341	01.07.25	89 118,3	–	0,0000	5,00	2 520 (7)
MTM096_0001	KZKT00000057	26.06.25	81 066,1	209,5	16,8382	1,40	1 997 (6)
MUM096_0011	KZKD00001095	26.06.25	123 454,7	282,1	16,8821	10,47	1 201 (3)
MOM048_0053	KZK200000711	26.06.25	16 262,5	36,1	16,8426	13,75	358 (1)
MUM156_0005	KZKD00000758	24.06.25	44 433,3	359,7	16,8597	7,47	716 (2)
MUX072_0003	KZKB00000040	20.06.25	21 162,2	86,2	13,8000	2,50	2 081 (6)
MOM060_0054	KZK200000737	20.06.25	54 272,9	114,6	16,8618	15,35	868 (2)
MUM072_0015	KZKD00001251	20.06.25	29 158,1	135,9	16,8511	12,00	1 697 (5)
MKM012_0160	KZK100000373	17.06.25	11 750,0	83,4	16,3202	–	229 (1)
MUM108_0015	KZKD00001277	17.06.25	2 098,3	3,3	14,3000	14,50	3 139 (9)
MUM096_0011	KZKD00001095	17.06.25	78 443,5	171,3	16,7891	10,47	1 210 (3)
MUM180_0005	KZKD00000493	10.06.25	39 867,5	179,9	16,4013	5,00	523 (1)
MUM108_0015	KZKD00001277	10.06.25	10 464,3	20,1	14,3000	14,50	3 146 (9)
MUM096_0012	KZKD00001160	10.06.25	42 880,2	193,2	16,8697	10,55	1 488 (4)
MUM096_0015	KZKD00001301	03.06.25	20 000,0	100,0	14,4500	14,45	2 882 (8)
MUM180_0011	KZKD00000790	03.06.25	19 074,3	58,3	16,5692	7,68	1 510 (4)
MUM192_0002	KZKD00000543	03.06.25	20 892,9	63,0	16,4386	5,00	1 035 (3)
MUM180_0009	KZKD00000717	27.05.25	18 682,7	58,3	16,3284	7,22	1 273 (4)
MUM180_0016	KZKD00001194	27.05.25	17 313,1	50,0	14,1000	11,05	4 201 (12)
MUM108_0015	KZKD00001277	27.05.25	20 827,7	62,5	14,3000	14,50	3 159 (9)
MKM012_0161	KZK100000423	27.05.25	34 027,5	71,3	16,0003	–	348 (1)
MUM156_0008	KZKD00001293	26.05.25	30 066,0	100,0	14,1000	14,10	4 676 (13)
MUM180_0009	KZKD00000717	20.05.25	31 927,9	98,3	15,7206	7,22	1 280 (4)
MUM156_0008	KZKD00001293	20.05.25	29 930,0	74,8	14,1000	14,10	4 682 (13)
MUM120_0020	KZKD00001269	20.05.25	25 002,5	60,8	14,1600	14,00	3 503 (10)
MUM180_0005	KZKD00000493	20.05.25	3 908,5	19,8	15,8180	5,00	543 (2)
MUM156_0006	KZKD00000964	20.05.25	29 798,6	67,3	15,5794	8,44	2 150 (6)
MKM012_0161	KZK100000423	13.05.25	1 941,1	84,6	15,5704	–	362 (1)
MUM120_0020	KZKD00001269	13.05.25	92 325,9	225,0	14,1600	14,00	3 510 (10)
MUM096_0013	KZKD00001202	13.05.25	31 411,6	139,1	15,4000	11,00	1 701 (5)
MUM180_0013	KZKD00000931	13.05.25	41 074,4	137,5	14,4500	8,66	2 841 (8)
MUM216_0002	KZKD00001079	06.05.25	57 541,3	138,3	14,1000	8,70	4 235 (12)
MUM192_0002	KZKD00000543	06.05.25	53 260,3	115,8	15,6500	5,00	1 062 (3)
MUM084_0020	KZKD00001285	06.05.25	61 517,9	100,0	14,6000	14,60	2 460 (7)
MUM108_0015	KZKD00001277	06.05.25	51 741,8	106,0	14,3000	14,50	3 180 (9)
MUM072_0014	KZKD00001210	06.05.25	31 976,1	107,6	15,5102	15,30	1 377 (4)
MKM012_0160	KZK100000373	22.04.25	19 420,0	447,2	15,5059	–	284 (1)
MUM096_0013	KZKD00001202	22.04.25	62 795,9	150,8	15,4000	11,00	1 722 (5)
MUM216_0001	KZKD00000972	22.04.25	22 542,6	113,5	14,1300	8,48	4 058 (11)
MUM072_0014	KZKD00001210	22.04.25	56 341,5	212,3	15,5000	15,30	1 391 (4)
MUM120_0020	KZKD00001269	15.04.25	54 795,1	108,6	14,1597	14,00	3 538 (10)
MUM192_0001	KZKD00000477	15.04.25	85 645,8	259,0	15,5991	5,30	904 (3)
MUM096_0013	KZKD00001202	08.04.25	70 867,2	137,3	15,4000	11,00	1 736 (5)
MUM180_0013	KZKD00000931	08.04.25	39 853,6	116,4	14,4500	8,66	2 876 (8)
MUM180_0005	KZKD00000493	08.04.25	47 661,2	292,4	15,6000	5,00	585 (2)
MUM072_0014	KZKD00001210	01.04.25	51 081,8	103,8	15,5000	15,30	1 412 (4)
MUM180_0004	KZKD00000444	01.04.25	36 582,2	141,9	15,7800	5,50	497 (1)
MUM084_0020	KZKD00001285	01.04.25	23 205,5	135,6	14,6000	14,60	2 495 (7)
MUM132_0007	KZKD00001152	28.03.25	44 955,0	103,4	14,6000	10,65	2 638 (7)
MUM084_0020	KZKD00001285	28.03.25	70 585,4	100,0	14,6000	14,60	2 498 (7)
MUM120_0020	KZKD00001269	28.03.25	80 907,4	101,9	14,1000	14,00	3 555 (10)
MUM156_0005	KZKD00000758	27.03.25	55 817,3	103,8	15,6000	7,47	803 (2)
MUX072_0003	KZKB00000040	27.03.25	60 000,0	100,0	2,5000	2,50	2 164 (6)
MUM072_0015	KZKD00001251	26.03.25	26 880,6	131,6	15,3706	12,00	1 781 (5)
MUM108_0015	KZKD00001277	26.03.25	30 542,0	100,0	14,3000	14,50	3 220 (9)
MTM060_0001	KZKT00000032	26.03.25	8 307,1	80,2	15,3400	1,00	918 (3)

* data for the last 6 months** apostrophe indicates a repeated execution

as of 17.09.2025

Clean price

Dirty price

Yield

Ticker	Mode	Bid	Offer	Open	High	low	Last	Price change per day, %	VWAP	Deals	Volume,mln KZT	Number of days to maturity
AT_01_2006	TQOB	29,1771	38,5999	–	–	–	–	–	–	0	–	34 619
HK_01_2702	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	521
KZ_23_3504	TQOD	99,7500	99,7500	99,7500	99,7500	99,7500	99,7500	+4,38	99,7500	1	274,7	3 442
MOM048_0052	TQOG	97,9186	98,1370	–	–	–	–	–	–	0	–	124
MOM048_0053	TQOG	97,1482	98,0995	–	–	–	–	–	–	0	–	277
MOM048_0054	TQOG	96,5866	97,7897	–	–	–	–	–	–	0	–	359
MOM048_0056	TQOG	–	101,3611	–	–	–	–	–	–	0	–	1 400
MOM060_0052	TQOG	–	95,3267	–	–	–	–	–	–	0	–	317
MOM060_0054	TQOG	96,4000	99,1368	–	–	–	–	–	–	0	–	781
MTM072_0001	TQOG	99,9728	–	–	–	–	–	–	–	0	–	1 141
MUM072_0013	TQOG	–	91,6451	–	–	–	–	–	–	0	–	602
MUM072_0014	TQOG	93,6177	96,7275	–	–	–	–	–	–	0	–	1 246
MUM072_0015	TQOG	84,9402	84,9402	84,9402	84,9402	84,9402	84,9402	-2,04	84,9402	2	154,1	1 610
MUM084_0018	TQOG	85,5334	88,0074	–	–	–	–	–	–	0	–	925
MUM084_0019	TQOG	82,6096	84,7183	84,7183	84,7183	84,7183	84,7183	+0,05	84,7183	1	0,115	1 955
MUM084_0020	TQOG	90,3630	93,2258	–	–	–	–	–	–	0	–	2 329
MUM096_0011	TQOG	83,4968	86,3276	–	–	–	–	–	–	0	–	1 120
MUM096_0012	TQOG	80,8146	83,8476	–	–	–	–	–	–	0	–	1 391
MUM096_0013	TQOG	80,2417	83,5571	–	–	–	–	–	–	0	–	1 577
MUM096_0014	TQOG	89,0549	91,3325	–	–	–	–	–	–	0	–	2 035
MUM108_0012	TQOG	–	94,8610	–	–	–	–	–	–	0	–	286
MUM108_0013	TQOG	82,9981	85,8986	–	–	–	–	–	–	0	–	1 274
MUM108_0014	TQOG	87,9568	90,8131	–	–	–	–	–	–	0	–	2 402
MUM108_0015	TQOG	88,9044	88,9044	88,9044	88,9044	88,9044	88,9044	-0,31	88,9044	1	101,6	3 049
MUM120_0017	TQOG	–	90,7226	–	–	–	–	–	–	0	–	529
MUM120_0018	TQOG	87,3211	89,9580	–	–	–	–	–	–	0	–	646
MUM120_0019	TQOG	78,0000	79,0519	–	–	–	–	–	–	0	–	1 980
MUM132_0007	TQOG	74,9639	77,5539	–	–	–	–	–	–	0	–	2 469
MUM144_0009	TQOG	–	76,2792	–	–	–	–	–	–	0	–	2 856
MUM156_0005	TQOG	86,2797	87,0424	–	–	–	–	–	–	0	–	633
MUM156_0006	TQOG	70,0000	71,9227	–	–	–	–	–	–	0	–	2 033
MUM156_0007	TQOG	67,5299	72,8998	–	–	–	–	–	–	0	–	3 030
MUM168_0003	TQOG	67,1697	69,5294	–	–	–	–	–	–	0	–	2 369
MUM168_0005	TQOG	66,3578	72,6793	–	–	–	–	–	–	0	–	3 413
MUM180_0006	TQOG	–	86,1659	–	–	–	–	–	–	0	–	550
MUM180_0011	TQOG	74,4026	75,9592	–	–	–	–	–	–	0	–	1 406
MUM180_0012	TQOG	–	73,8109	–	–	–	–	–	–	0	–	1 577
MUM180_0013	TQOG	–	68,2959	–	–	–	–	–	–	0	–	2 717
MUM180_0014	TQOG	–	67,3463	–	–	–	–	–	–	0	–	2 736
MUM180_0015	TQOG	70,5000	73,7652	–	–	–	–	–	–	0	–	3 938
MUM180_0016	TQOG	–	74,6053	–	–	–	–	–	–	0	–	4 091
MUM192_0001	TQOG	–	81,6118	–	–	–	–	–	–	0	–	752
MUM192_0002	TQOG	–	77,3707	–	–	–	–	–	–	0	–	931
MUM240_0001	TQOG	56,0028	58,1106	–	–	–	–	–	–	0	–	2 377
MUM240_0002	TQOG	–	63,3777	–	–	–	–	–	–	0	–	3 115
MY_01_3104	EQBD	0,8900	0,9100	–	–	–	–	–	–	0	–	2 021
NTK028_2867	TQOG	98,9840	98,8836	98,8975	98,8975	98,8836	98,8905	–	98,8916	25	39 492,2	28
OM_01_2908	TQOC	99,9913	107,0937	–	–	–	–	–	–	0	–	1 394
SA_05_2704	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	573
TR_02_2904	EQEU	–	108,0000	–	–	–	–	–	–	0	–	1 299
TR_02_2904	EQOC	100,3769	106,8610	–	–	–	–	–	–	0	–	1 299
Total										30	40 022,8

* the table shows only market deals without notice of specialized trades

Trading rules

11:20 – 11:30
opening auction
11:30 – 17:30
purchase and sale of securities by the continuous counter auction method
10:30 – 17:30
purchase and sale of securities by the continuous counter auction method
15:30 – 17:30
first clearing session
17:30 – 19:15
second clearing session

Information and Statistics Department

For information please contact:

infodep@kase.kz

Phones

7 (727) 237 5323

Central counterparty

Reducing systemic risks is the main function of the CCP which places increased demands on reliability of the risk management system.

Currently, "KASE Clearing Center" JSC functions as a central counterparty for transactions with all financial instruments of the derivatives market, foreign exchange and stock markets, with the exception of transactions carried out in some trading modes of the stock market, in which, for technological or other reasons, centralized clearing is not carried out.