Ministry of Finance of Republic of Kazakhstan announces the introduction of the institution of primary dealers in the government securities market, starting May 4, 2026
/KASE, April 30, 2026/ – The Ministry of Finance of the Republic of Kazakhstan published the following information on its website:
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The Ministry of Finance of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan, announce the launch of primary dealers in the government securities market effective May 4, 2026.
Based on the previously conducted monitoring period, Bank CenterCredit, Eurasian Bank, Kaspi Bank, ForteBank, and Halyk Bank of Kazakhstan have been designated as primary dealers.
The introduction of primary dealers is an important step in the consistent development of the government securities market.
Under the new system, primary dealers will ensure stable demand for government securities and support bilateral quotations for individual instruments on the secondary market, promoting more transparent and liquid pricing.
At the same time, other market participants will retain full and unimpeded access to transactions with government securities on the secondary market.
Moreover, the introduction of the primary dealer system will create more favorable conditions for investors by increasing liquidity, narrowing spreads, and providing constant quotations, simplifying government bond transactions and increasing pricing predictability.
This project is expected to significantly increase market liquidity and expand the investor base.
The development of the primary dealer system will also enhance the international attractiveness of Kazakhstan government securities, create the way for their inclusion in global indices, including the JPMorgan GBI-EM Index, and help reduce borrowing costs for the government.
The Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan intend to continue to consistently implement measures aimed at developing the domestic debt market and improving its efficiency.
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This information was published at:
[2026-04-30]