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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Announcements

MUM072_0013

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

60 000,0 m. KZT

Maturity

651 (2)

28.07.2025

MUX072_0003

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Coupon

14,29%

Announced volume

30 000,0 m. KZT

Maturity

2 043 (6)

28.07.2025

MTC048_0001

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

fixed coupon value

Announced volume

60 000,0 m. KZT

Maturity

1 442 (4)

28.07.2025

Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 25.07.2025

KZGB_CPm1m

867,91

+0,03 %

KZGB_CP

894,15

+0,04 %

KZGB_CPs

1 175,07

+0,01 %

KZGB_CPm

912,93

-0,15 %

KZGB_CPl

754,63

-0,63 %

"Clean" price index

KZGB_DPm1m

1 048,83

+0,06 %

KZGB_DP

1 052,58

+0,07 %

KZGB_DPs

1 384,39

+0,04 %

KZGB_DPm

1 180,15

-0,11 %

KZGB_DPl

990,79

-0,56 %

"Dirty" price Index

KZGB_Ym1m

16,64% APR

KZGB_Y

16,65% APR

+0,02

KZGB_Ys

16,42% APR

KZGB_Ym

16,87% APR

+0,06

KZGB_Yl

16,48% APR

+0,18

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_2865	KZW100014312	KZT	300,0	15,70	–	24 (0)	–	25.07.2025
MUM240_0001	KZKD00000550	KZT	0,045	16,30	5,50	2 427 (7)	Freedom Finance; Halyk Bank	25.07.2025
MUM192_0001	KZKD00000477	KZT	250,8	16,84	5,30	802 (2)	–	25.07.2025
MUM132_0007	KZKD00001152	KZT	0,002	16,30	10,65	2 519 (7)	Freedom Finance	25.07.2025
MUM072_0014	KZKD00001210	KZT	0,010	17,50	15,30	1 296 (4)	Freedom Finance	25.07.2025
KZ_06_4410	XS1120709826	USD	378,6	6,13	4,88	6 917 (19)	–	25.07.2025
US141_2611	US91282CJK80	USD	1 086,7	3,83	4,63	476 (1)	–	25.07.2025
MUM300_0001	KZKD00000725	KZT	5,0	15,43	7,90	4 823 (13)	–	24.07.2025
MUM300_0002	KZKD00000774	KZT	10,4	15,37	8,35	5 038 (14)	–	24.07.2025
MUM168_0005	KZKD00001111	KZT	9,8	15,38	10,25	3 463 (10)	Freedom Finance	24.07.2025

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
MUM108_0015	KZKD00001277	22.07.25	6 259,0	54,3	16,8000	14,50	3 104 (9)
MUM192_0001	KZKD00000477	22.07.25	57 089,2	172,1	16,9308	5,30	807 (2)
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)
MUM240_0001	KZKD00000550	01.07.25	20 207,5	90,4	16,6703	5,50	2 453 (7)
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)
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)
MUM096_0011	KZKD00001095	26.06.25	123 454,7	282,1	16,8821	10,47	1 201 (3)
MTM096_0001	KZKT00000057	26.06.25	81 066,1	209,5	16,8382	1,40	1 997 (6)
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)
MUM072_0015	KZKD00001251	20.06.25	29 158,1	135,9	16,8511	12,00	1 697 (5)
MOM060_0054	KZK200000737	20.06.25	54 272,9	114,6	16,8618	15,35	868 (2)
MUM096_0011	KZKD00001095	17.06.25	78 443,5	171,3	16,7891	10,47	1 210 (3)
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)
MUM108_0015	KZKD00001277	10.06.25	10 464,3	20,1	14,3000	14,50	3 146 (9)
MUM180_0005	KZKD00000493	10.06.25	39 867,5	179,9	16,4013	5,00	523 (1)
MUM096_0012	KZKD00001160	10.06.25	42 880,2	193,2	16,8697	10,55	1 488 (4)
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)
MUM096_0015	KZKD00001301	03.06.25	20 000,0	100,0	14,4500	14,45	2 882 (8)
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)
MUM180_0009	KZKD00000717	27.05.25	18 682,7	58,3	16,3284	7,22	1 273 (4)
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)
MUM156_0008	KZKD00001293	20.05.25	29 930,0	74,8	14,1000	14,10	4 682 (13)
MUM180_0005	KZKD00000493	20.05.25	3 908,5	19,8	15,8180	5,00	543 (2)
MUM180_0009	KZKD00000717	20.05.25	31 927,9	98,3	15,7206	7,22	1 280 (4)
MUM156_0006	KZKD00000964	20.05.25	29 798,6	67,3	15,5794	8,44	2 150 (6)
MUM120_0020	KZKD00001269	20.05.25	25 002,5	60,8	14,1600	14,00	3 503 (10)
MUM096_0013	KZKD00001202	13.05.25	31 411,6	139,1	15,4000	11,00	1 701 (5)
MKM012_0161	KZK100000423	13.05.25	1 941,1	84,6	15,5704	–	362 (1)
MUM180_0013	KZKD00000931	13.05.25	41 074,4	137,5	14,4500	8,66	2 841 (8)
MUM120_0020	KZKD00001269	13.05.25	92 325,9	225,0	14,1600	14,00	3 510 (10)
MUM072_0014	KZKD00001210	06.05.25	31 976,1	107,6	15,5102	15,30	1 377 (4)
MUM108_0015	KZKD00001277	06.05.25	51 741,8	106,0	14,3000	14,50	3 180 (9)
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)
MUM216_0002	KZKD00001079	06.05.25	57 541,3	138,3	14,1000	8,70	4 235 (12)
MKM012_0160	KZK100000373	22.04.25	19 420,0	447,2	15,5059	–	284 (1)
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)
MUM096_0013	KZKD00001202	22.04.25	62 795,9	150,8	15,4000	11,00	1 722 (5)
MUM192_0001	KZKD00000477	15.04.25	85 645,8	259,0	15,5991	5,30	904 (3)
MUM120_0020	KZKD00001269	15.04.25	54 795,1	108,6	14,1597	14,00	3 538 (10)
MUM096_0013	KZKD00001202	08.04.25	70 867,2	137,3	15,4000	11,00	1 736 (5)
MUM180_0005	KZKD00000493	08.04.25	47 661,2	292,4	15,6000	5,00	585 (2)
MUM180_0013	KZKD00000931	08.04.25	39 853,6	116,4	14,4500	8,66	2 876 (8)
MUM084_0020	KZKD00001285	01.04.25	23 205,5	135,6	14,6000	14,60	2 495 (7)
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)
MUM120_0020	KZKD00001269	28.03.25	80 907,4	101,9	14,1000	14,00	3 555 (10)
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)
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)
MUM180_0008	KZKD00000659	18.03.25	18 605,0	161,2	15,5000	6,50	936 (3)
MUM108_0015	KZKD00001277	18.03.25	11 996,1	40,6	14,3000	14,50	3 228 (9)
MUM084_0019	KZKD00001244	18.03.25	58 665,4	119,7	15,2404	12,00	2 134 (6)
MUM084_0020	KZKD00001285	11.03.25	36 095,5	129,2	14,6000	14,60	2 515 (7)
MUM180_0009	KZKD00000717	11.03.25	2 398,8	30,0	15,2999	7,22	1 349 (4)
MKM012_0160	KZK100000373	11.03.25	27 840,6	116,8	15,2595	–	325 (1)
MUM072_0015	KZKD00001251	11.03.25	3 626,2	14,1	15,1999	12,00	1 796 (5)
MUM108_0015	KZKD00001277	04.03.25	31 500,0	52,5	14,5000	14,50	3 242 (9)
MUM180_0008	KZKD00000659	04.03.25	10 691,9	162,5	14,6092	6,50	950 (3)
MUM084_0020	KZKD00001285	04.03.25	35 000,0	70,0	14,6000	14,60	2 522 (7)
MUM120_0020	KZKD00001269	25.02.25	20 698,4	31,0	14,1000	14,00	3 588 (10)
MUM084_0019	KZKD00001244	25.02.25	45 322,8	100,9	14,4499	12,00	2 157 (6)
MUM180_0009	KZKD00000717	25.02.25	22 408,6	177,2	14,3507	7,22	1 365 (4)
MKM012_0160	KZK100000373	25.02.25	78 440,6	162,7	13,9706	–	341 (1)
MUM180_0016	KZKD00001194	21.02.25	59 800,0	119,2	14,1000	11,05	4 297 (12)
MUM132_0007	KZKD00001152	21.02.25	46 730,9	109,0	14,1000	10,65	2 675 (7)
MKM012_0160	KZK100000373	21.02.25	52 059,7	186,4	13,9000	–	345 (1)
MUM216_0002	KZKD00001079	18.02.25	44 640,0	106,9	14,0214	8,70	4 313 (12)
MUM180_0011	KZKD00000790	18.02.25	24 831,1	146,6	14,1492	7,68	1 615 (4)
MUM180_0007	KZKD00000618	18.02.25	42 817,2	158,6	14,0404	5,49	930 (3)
MUM096_0012	KZKD00001160	11.02.25	18 961,3	104,3	14,1502	10,55	1 607 (4)
MUM120_0020	KZKD00001269	11.02.25	21 000,0	30,7	14,0000	14,00	3 602 (10)
MKM012_0160	KZK100000373	04.02.25	24 458,7	252,5	13,7486	–	362 (1)
MUM096_0011	KZKD00001095	04.02.25	12 300,6	64,1	14,0000	10,47	1 343 (4)
MUM096_0011	KZKD00001095	30.01.25	29 037,2	247,2	13,9775	10,47	1 347 (4)
MUM132_0007	KZKD00001152	30.01.25	9 956,1	76,7	13,9500	10,65	2 696 (7)

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

as of 25.07.2025

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	29,1627	38,4346	–	–	–	–	–	–	0	–	34 671
HK_01_2702	EQBD	0,9800	1,0000	–	–	–	–	–	–	0	–	571
KZ_06_4410	TQOD	85,9000	85,9000	85,9000	85,9000	85,9000	85,9000	-13,23	85,9000	3	645,5	6 917
KZ_23_3504	TQOD	95,2500	99,7500	–	–	–	–	–	–	0	–	3 492
MOM048_0052	TQOG	97,1556	97,4566	–	–	–	–	–	–	0	–	174
MOM048_0053	TQOG	97,1405	97,8147	–	–	–	–	–	–	0	–	327
MOM048_0054	TQOG	96,6309	97,4586	–	–	–	–	–	–	0	–	409
MOM060_0052	TQOG	–	94,6809	–	–	–	–	–	–	0	–	367
MOM060_0054	TQOG	96,4000	99,3691	–	–	–	–	–	–	0	–	831
MTM036_0001	TQOG	99,9856	–	–	–	–	–	–	–	0	–	8
MTM048_0001	TQOG	99,8687	–	–	–	–	–	–	–	0	–	402
MTM060_0001	TQOG	100,0522	–	–	–	–	–	–	–	0	–	797
MTM072_0001	TQOG	100,5949	–	–	–	–	–	–	–	0	–	1 191
MTM084_0001	TQOG	101,1150	–	–	–	–	–	–	–	0	–	1 656
MTM096_0001	TQOG	101,6252	–	–	–	–	–	–	–	0	–	1 966
MUM072_0013	TQOG	–	90,9681	–	–	–	–	–	–	0	–	652
MUM072_0014	TQOG	94,1739	96,6463	94,1739	94,1739	94,1739	94,1739	-2,56	94,1739	1	0,010	1 296
MUM072_0015	TQOG	–	86,2852	–	–	–	–	–	–	0	–	1 660
MUM084_0018	TQOG	86,5000	87,3333	–	–	–	–	–	–	0	–	975
MUM084_0019	TQOG	–	84,7845	–	–	–	–	–	–	0	–	2 005
MUM096_0011	TQOG	84,1326	85,5710	–	–	–	–	–	–	0	–	1 170
MUM096_0012	TQOG	81,4808	83,5218	–	–	–	–	–	–	0	–	1 441
MUM096_0013	TQOG	80,8285	83,4547	–	–	–	–	–	–	0	–	1 627
MUM096_0014	TQOG	88,4774	91,6041	–	–	–	–	–	–	0	–	2 085
MUM108_0012	TQOG	–	94,1050	–	–	–	–	–	–	0	–	336
MUM108_0013	TQOG	83,2157	85,5151	–	–	–	–	–	–	0	–	1 324
MUM108_0014	TQOG	87,3667	90,7759	–	–	–	–	–	–	0	–	2 452
MUM120_0017	TQOG	–	88,0000	–	–	–	–	–	–	0	–	579
MUM120_0018	TQOG	85,8201	88,5739	–	–	–	–	–	–	0	–	696
MUM120_0019	TQOG	76,3887	78,7337	–	–	–	–	–	–	0	–	2 030
MUM132_0007	TQOG	74,3084	77,3910	77,3910	77,3910	77,3910	77,3910	+3,22	77,3910	2	0,004	2 519
MUM144_0009	TQOG	–	75,7119	–	–	–	–	–	–	0	–	2 906
MUM156_0005	TQOG	85,4060	86,2143	–	–	–	–	–	–	0	–	683
MUM156_0006	TQOG	70,0000	74,7663	–	–	–	–	–	–	0	–	2 083
MUM156_0007	TQOG	69,9053	72,3228	–	–	–	–	–	–	0	–	3 080
MUM168_0003	TQOG	–	69,1854	–	–	–	–	–	–	0	–	2 419
MUM168_0005	TQOG	68,8813	74,9693	–	–	–	–	–	–	0	–	3 463
MUM180_0005	TQOG	85,4000	–	–	–	–	–	–	–	0	–	476
MUM180_0006	TQOG	–	84,9556	–	–	–	–	–	–	0	–	600
MUM180_0011	TQOG	73,7831	75,3701	–	–	–	–	–	–	0	–	1 456
MUM180_0012	TQOG	–	73,0000	–	–	–	–	–	–	0	–	1 627
MUM180_0013	TQOG	–	67,6846	–	–	–	–	–	–	0	–	2 767
MUM180_0014	TQOG	–	66,7401	–	–	–	–	–	–	0	–	2 786
MUM192_0001	TQOG	79,9650	79,8913	79,9650	79,9650	79,8913	79,8913	-1,26	79,9281	2	501,5	802
MUM192_0002	TQOG	–	76,2360	–	–	–	–	–	–	0	–	981
MUM240_0001	TQOG	55,7633	57,6225	57,6225	57,6225	57,6225	57,6225	+4,19	57,6225	1	0,045	2 427
MUM240_0002	TQOG	–	62,8057	–	–	–	–	–	–	0	–	3 165
MY_01_3104	EQBD	0,8800	0,9000	–	–	–	–	–	–	0	–	2 071
NTK028_2865	TQOG	99,0626	99,0626	99,0626	99,0626	99,0626	99,0626	+0,05	99,0626	1	300,0	24
OM_01_2908	TQOC	99,9995	107,3345	–	–	–	–	–	–	0	–	1 444
SA_05_2704	EQBD	0,9800	1,0000	–	–	–	–	–	–	0	–	623
TR_02_2904	EQOC	100,3848	107,1048	–	–	–	–	–	–	0	–	1 349
TR_02_2904	EQEU	–	102,0000	–	–	–	–	–	–	0	–	1 349
US141_2611	TQOD	100,9927	100,9927	100,9927	100,9927	100,9927	100,9927	–	100,9927	3	7 336,1	476
US_85_2606	TQOD	–	97,1800	–	–	–	–	–	–	0	–	338
Total										13	8 783,2

* 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.