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

MUM300_0002

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

30 000,0 m. KZT

Maturity

4 947 (14)

28.10.2025

MUM120_0018

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

50 000,0 m. KZT

Maturity

605 (2)

28.10.2025

MUM144_0009

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

20 000,0 m. KZT

Maturity

2 815 (8)

28.10.2025

MUM180_0008

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

50 000,0 m. KZT

Maturity

716 (2)

28.10.2025

Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 24.10.2025

KZGB_CPm1m

862,20

+0,03 %

KZGB_CP

887,19

+0,03 %

KZGB_CPs

1 185,49

+0,28 %

KZGB_CPm

916,73

+0,23 %

KZGB_CPl

739,45

-0,12 %

"Clean" price index

KZGB_DPm1m

1 073,21

+0,06 %

KZGB_DP

1 070,54

+0,06 %

KZGB_DPs

1 432,97

+0,30 %

KZGB_DPm

1 213,88

+0,24 %

KZGB_DPl

995,75

-0,07 %

"Dirty" price Index

KZGB_Ym1m

17,18% APR

-0,02

KZGB_Y

17,18% APR

+0,01

KZGB_Ys

17,09% APR

-0,43

KZGB_Ym

17,36% APR

-0,04

KZGB_Yl

16,96% 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
MUM300_0002	KZKD00000774	KZT	505,3	16,80	8,35	4 950 (14)	–	24.10.2025
MUM096_0015	KZKD00001301	KZT	503,4	16,90	14,45	2 740 (8)	–	24.10.2025
MUM096_0011	KZKD00001095	KZT	0,009	16,40	10,47	1 082 (3)	Freedom Finance	24.10.2025
MUM084_0020	KZKD00001285	KZT	2 014,5	16,90	14,60	2 291 (6)	–	24.10.2025
AT_01_2006	AT0000A2HLC4	KZT	21,3	2,90	0,85	34 581 (95)	Freedom Finance	24.10.2025
MUM168_0005	KZKD00001111	KZT	0,002	16,00	10,25	3 375 (9)	Freedom Finance	23.10.2025
MOM060_0054	KZK200000737	KZT	0,012	16,30	15,35	743 (2)	Freedom Finance	23.10.2025
MOM048_0054	KZK200000729	KZT	0,087	18,30	13,90	321 (1)	Freedom Finance	23.10.2025
MOM048_0052	KZK200000687	KZT	10,2	18,00	10,67	86 (0)	Halyk Bank	23.10.2025
MUM072_0014	KZKD00001210	KZT	0,002	16,50	15,30	1 208 (3)	Freedom Finance	22.10.2025

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
MOM060_0055	KZK200000778	21.10.25	10 624,1	79,3	17,1500	16,95	1 788 (5)
MUM216_0001	KZKD00000972	21.10.25	80 485,4	704,8	17,1000	8,48	3 879 (11)
MKM012_0161	KZK100000423	21.10.25	19 896,8	270,9	17,2000	–	204 (1)
MUM096_0014	KZKD00001228	14.10.25	19 444,5	87,1	17,2500	14,00	2 008 (6)
MUM180_0015	KZKD00001186	14.10.25	82 811,7	893,9	17,2000	10,78	3 911 (11)
MOM060_0055	KZK200000778	07.10.25	363,3	2,7	16,9500	16,95	1 802 (5)
MUM216_0001	KZKD00000972	07.10.25	31 381,2	235,1	16,9000	8,48	3 893 (11)
MUM096_0015	KZKD00001301	26.09.25	53 117,0	232,3	16,9986	14,45	2 769 (8)
MUM180_0007	KZKD00000618	26.09.25	3 657,2	26,9	17,0000	5,49	712 (2)
MOM060_0052	KZK200000679	23.09.25	3 500,0	6,0	16,8861	10,50	311 (1)
MOM048_0056	KZK200000760	23.09.25	40 152,0	135,1	16,9801	17,01	1 394 (4)
MUM240_0001	KZKD00000550	23.09.25	36 101,3	320,5	16,7900	5,50	2 371 (7)
MUM132_0007	KZKD00001152	16.09.25	11 906,4	77,5	17,0000	10,65	2 470 (7)
MKM012_0161	KZK100000423	16.09.25	88 363,4	412,2	16,9496	–	239 (1)
MUM180_0011	KZKD00000790	16.09.25	12 566,8	91,0	16,9880	7,68	1 407 (4)
MUM084_0018	KZKD00001137	16.09.25	12 955,7	195,9	17,0000	10,40	926 (3)
MUM108_0015	KZKD00001277	09.09.25	155,0	29,8	16,9500	14,50	3 057 (8)
MUM096_0014	KZKD00001228	09.09.25	13 650,4	37,6	16,9996	14,00	2 043 (6)
MOM048_0056	KZK200000760	09.09.25	19 007,1	243,5	16,9791	17,01	1 408 (4)
MKM012_0161	KZK100000423	09.09.25	5 236,8	208,3	16,9200	–	246 (1)
MUM084_0019	KZKD00001244	02.09.25	33 011,7	123,3	17,0000	12,00	1 970 (5)
MOM060_0052	KZK200000679	02.09.25	69 424,4	338,3	16,9000	10,50	332 (1)
MUM096_0015	KZKD00001301	02.09.25	32 000,0	200,1	16,9450	14,45	2 793 (8)
MOM048_0056	KZK200000760	26.08.25	21 458,4	147,9	16,9887	17,01	1 421 (4)
MUM108_0015	KZKD00001277	26.08.25	77 045,7	222,3	16,9500	14,50	3 070 (9)
MUM084_0020	KZKD00001285	26.08.25	65 486,9	115,1	16,9898	14,60	2 350 (7)
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)
MUM300_0002	KZKD00000774	19.08.25	34 013,9	252,5	16,7507	8,35	5 016 (14)
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)
MUM084_0020	KZKD00001285	05.08.25	38 250,3	118,9	16,9220	14,60	2 371 (7)
MOM048_0056	KZK200000760	05.08.25	63 375,0	172,3	16,8758	17,01	1 442 (4)
MKM012_0161	KZK100000423	05.08.25	38 915,5	438,2	16,8492	–	280 (1)
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)
MUM156_0006	KZKD00000964	22.07.25	62 361,7	154,8	16,9183	8,44	2 088 (6)
MUM108_0015	KZKD00001277	22.07.25	6 259,0	54,3	16,8000	14,50	3 104 (9)
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)
MKM012_0161	KZK100000423	01.07.25	33 896,2	282,2	16,8806	–	314 (1)
KZ_24_3207	XS3093655341	01.07.25	89 118,3	–	0,0000	5,00	2 520 (7)
KZ_25_3707	XS3093658014	01.07.25	18 291,3	–	0,0000	5,50	4 320 (12)
MUM180_0009	KZKD00000717	01.07.25	53 883,6	240,4	16,8769	7,22	1 239 (3)
MUM240_0001	KZKD00000550	01.07.25	20 207,5	90,4	16,6703	5,50	2 453 (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)
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)
MUX072_0003	KZKB00000040	20.06.25	21 162,2	86,2	13,8000	2,50	2 081 (6)
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)
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)
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_0011	KZKD00000790	03.06.25	19 074,3	58,3	16,5692	7,68	1 510 (4)
MUM180_0016	KZKD00001194	27.05.25	17 313,1	50,0	14,1000	11,05	4 201 (12)
MKM012_0161	KZK100000423	27.05.25	34 027,5	71,3	16,0003	–	348 (1)
MUM180_0009	KZKD00000717	27.05.25	18 682,7	58,3	16,3284	7,22	1 273 (4)
MUM108_0015	KZKD00001277	27.05.25	20 827,7	62,5	14,3000	14,50	3 159 (9)
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)
MUM120_0020	KZKD00001269	20.05.25	25 002,5	60,8	14,1600	14,00	3 503 (10)
MUM156_0006	KZKD00000964	20.05.25	29 798,6	67,3	15,5794	8,44	2 150 (6)
MUM180_0013	KZKD00000931	13.05.25	41 074,4	137,5	14,4500	8,66	2 841 (8)
MUM096_0013	KZKD00001202	13.05.25	31 411,6	139,1	15,4000	11,00	1 701 (5)
MUM120_0020	KZKD00001269	13.05.25	92 325,9	225,0	14,1600	14,00	3 510 (10)
MKM012_0161	KZK100000423	13.05.25	1 941,1	84,6	15,5704	–	362 (1)
MUM216_0002	KZKD00001079	06.05.25	57 541,3	138,3	14,1000	8,70	4 235 (12)
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)
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)

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

as of 24.10.2025

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	34,0000	34,0000	34,0000	34,0000	34,0000	34,0000	+16,55	34,0000	1	21,3	34 581
HK_01_2702	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	483
KZ_23_3504	TQOD	95,5000	101,7500	–	–	–	–	–	–	0	–	3 404
MOM048_0052	TQOG	98,2695	98,6515	–	–	–	–	–	–	0	–	86
MOM048_0053	TQOG	97,2502	98,3623	–	–	–	–	–	–	0	–	239
MOM048_0054	TQOG	96,5095	97,9750	–	–	–	–	–	–	0	–	321
MOM048_0056	TQOG	–	101,3078	–	–	–	–	–	–	0	–	1 362
MOM060_0052	TQOG	–	95,8674	–	–	–	–	–	–	0	–	279
MOM060_0054	TQOG	95,1005	98,3682	–	–	–	–	–	–	0	–	743
MUM072_0013	TQOG	–	92,1081	–	–	–	–	–	–	0	–	564
MUM072_0014	TQOG	92,6588	96,8254	–	–	–	–	–	–	0	–	1 208
MUM072_0015	TQOG	–	86,5389	–	–	–	–	–	–	0	–	1 572
MUM084_0018	TQOG	85,2001	88,4267	–	–	–	–	–	–	0	–	887
MUM084_0019	TQOG	–	84,9441	–	–	–	–	–	–	0	–	1 917
MUM084_0020	TQOG	91,1754	91,1754	91,1754	91,1754	91,1754	91,1754	+0,02	91,1754	1	2 014,5	2 291
MUM096_0011	TQOG	83,0763	86,7838	86,7838	86,7838	86,7838	86,7838	+4,47	86,7838	2	0,099	1 082
MUM096_0012	TQOG	80,0463	84,1359	–	–	–	–	–	–	0	–	1 353
MUM096_0013	TQOG	81,3569	83,8825	–	–	–	–	–	–	0	–	1 539
MUM096_0014	TQOG	87,9101	91,4152	–	–	–	–	–	–	0	–	1 997
MUM096_0015	TQOG	89,6585	89,6585	89,6585	89,6585	89,6585	89,6585	+0,01	89,6585	1	503,4	2 740
MUM108_0012	TQOG	–	95,4968	–	–	–	–	–	–	0	–	248
MUM108_0013	TQOG	82,3379	86,2348	–	–	–	–	–	–	0	–	1 236
MUM108_0014	TQOG	86,3332	90,8730	–	–	–	–	–	–	0	–	2 364
MUM120_0017	TQOG	–	91,2430	–	–	–	–	–	–	0	–	491
MUM120_0018	TQOG	87,3505	89,8299	–	–	–	–	–	–	0	–	608
MUM120_0019	TQOG	76,2043	78,7513	–	–	–	–	–	–	0	–	1 942
MUM132_0007	TQOG	73,5858	77,7093	–	–	–	–	–	–	0	–	2 431
MUM144_0009	TQOG	–	76,3877	–	–	–	–	–	–	0	–	2 818
MUM156_0005	TQOG	85,9400	87,7337	–	–	–	–	–	–	0	–	595
MUM156_0006	TQOG	70,0000	72,2603	–	–	–	–	–	–	0	–	1 995
MUM156_0007	TQOG	66,5405	72,7504	–	–	–	–	–	–	0	–	2 992
MUM168_0003	TQOG	–	69,8277	–	–	–	–	–	–	0	–	2 331
MUM168_0005	TQOG	68,3744	72,8384	–	–	–	–	–	–	0	–	3 375
MUM180_0004	TQOG	91,5093	92,0498	–	–	–	–	–	–	0	–	293
MUM180_0005	TQOG	85,4000	–	–	–	–	–	–	–	0	–	388
MUM180_0006	TQOG	–	87,0668	–	–	–	–	–	–	0	–	512
MUM180_0011	TQOG	74,0297	75,7571	–	–	–	–	–	–	0	–	1 368
MUM180_0012	TQOG	–	74,3029	–	–	–	–	–	–	0	–	1 539
MUM180_0013	TQOG	–	68,5493	–	–	–	–	–	–	0	–	2 679
MUM180_0014	TQOG	–	67,5970	–	–	–	–	–	–	0	–	2 698
MUM180_0016	TQOG	67,5000	74,7359	–	–	–	–	–	–	0	–	4 053
MUM192_0001	TQOG	–	82,4720	–	–	–	–	–	–	0	–	714
MUM192_0002	TQOG	76,2804	77,5310	–	–	–	–	–	–	0	–	893
MUM240_0001	TQOG	55,6604	57,9862	–	–	–	–	–	–	0	–	2 339
MUM240_0002	TQOG	63,5557	63,5951	–	–	–	–	–	–	0	–	3 077
MUM300_0002	TQOG	55,5349	55,5349	55,5349	55,5349	55,5349	55,5349	+0,02	55,5349	1	505,3	4 950
MY_01_3104	EQBD	0,9000	0,9200	–	–	–	–	–	–	0	–	1 983
OM_01_2908	TQOC	99,9889	106,9029	–	–	–	–	–	–	0	–	1 356
SA_05_2704	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	535
TR_02_2904	EQEU	–	104,9900	–	–	–	–	–	–	0	–	1 261
TR_02_2904	EQOC	100,3784	106,6916	–	–	–	–	–	–	0	–	1 261
Total										6	3 044,6

* 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.