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

MUM120_0020

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

50 000,0 m. KZT

Maturity

3 325 (9)

18.11.2025

MOM060_0055

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

60 000,0 m. KZT

Maturity

1 761 (5)

18.11.2025

MUM072_0013

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

20 000,0 m. KZT

Maturity

541 (2)

18.11.2025

Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 14.11.2025

KZGB_CPm1m

866,11

0,00 %

KZGB_CP

890,92

0,00 %

KZGB_CPs

1 188,72

+0,01 %

KZGB_CPm

922,78

-0,10 %

KZGB_CPl

740,72

+0,18 %

"Clean" price index

KZGB_DPm1m

1 084,84

+0,03 %

KZGB_DP

1 079,07

+0,03 %

KZGB_DPs

1 445,26

+0,04 %

KZGB_DPm

1 221,31

-0,06 %

KZGB_DPl

1 004,85

+0,21 %

"Dirty" price Index

17,07% APR

17,07% APR

17,19% APR

17,16% APR

+0,02

KZGB_Yl

16,96% APR

-0,03

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
MUM180_0016	KZKD00001194	KZT	0,008	16,00	11,05	4 031 (11)	–	14.11.2025
MUM180_0015	KZKD00001186	KZT	6 022,2	16,92	10,78	3 878 (11)	–	14.11.2025
MUM180_0011	KZKD00000790	KZT	0,006	17,35	7,68	1 346 (4)	Bank CenterCredit; Freedom Finance; Halyk Bank	14.11.2025
MUM096_0015	KZKD00001301	KZT	38 385,0	16,97	14,45	2 718 (7)	–	14.11.2025
MUM084_0018	KZKD00001137	KZT	0,001	16,40	10,40	865 (2)	Freedom Finance	14.11.2025
MUM096_0012	KZKD00001160	KZT	0,003	18,30	10,55	1 331 (4)	Freedom Finance	14.11.2025
MOM060_0052	KZK200000679	KZT	1 975,2	17,05	10,50	257 (1)	–	14.11.2025
MUM096_0011	KZKD00001095	KZT	0,016	16,40	10,47	1 060 (3)	Freedom Finance	13.11.2025
MUM072_0014	KZKD00001210	KZT	0,023	18,30	15,30	1 186 (3)	Freedom Finance	13.11.2025
NTK028_2869	KZW100014353	KZT	476,4	17,12	–	23 (0)	–	12.11.2025

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
MUM096_0014	KZKD00001228	11.11.25	47 725,8	151,4	17,1012	14,00	1 981 (6)
MUM180_0015	KZKD00001186	11.11.25	60 000,0	262,0	16,9500	10,78	3 884 (11)
MUM180_0008	KZKD00000659	11.11.25	39 982,1	144,9	17,1312	6,50	703 (2)
MUM096_0015	KZKD00001301	11.11.25	41 963,0	490,9	17,0000	14,45	2 724 (8)
MUM120_0020	KZKD00001269	04.11.25	62 101,8	350,2	17,0000	14,00	3 339 (9)
MUM084_0020	KZKD00001285	04.11.25	34 394,5	235,8	17,0302	14,60	2 282 (6)
MUM192_0001	KZKD00000477	04.11.25	54 043,3	185,3	17,1106	5,30	705 (2)
MOM060_0055	KZK200000778	04.11.25	57 174,7	169,3	17,0848	16,95	1 775 (5)
MUM300_0002	KZKD00000774	28.10.25	75 385,0	824,1	17,1000	8,35	4 947 (14)
MUM180_0008	KZKD00000659	28.10.25	13 974,4	144,2	17,1500	6,50	716 (2)
KZ_26_3010	XS3212533262	28.10.25	105 742,5	–	0,0000	4,41	1 800 (5)
MUM120_0018	KZKD00000907	28.10.25	11 200,6	135,0	17,1200	9,00	605 (2)
MOM060_0055	KZK200000778	21.10.25	10 624,1	79,3	17,1500	16,95	1 788 (5)
MKM012_0161	KZK100000423	21.10.25	19 896,8	270,9	17,2000	–	204 (1)
MUM216_0001	KZKD00000972	21.10.25	80 485,4	704,8	17,1000	8,48	3 879 (11)
MUM180_0015	KZKD00001186	14.10.25	82 811,7	893,9	17,2000	10,78	3 911 (11)
MUM096_0014	KZKD00001228	14.10.25	19 444,5	87,1	17,2500	14,00	2 008 (6)
MUM216_0001	KZKD00000972	07.10.25	31 381,2	235,1	16,9000	8,48	3 893 (11)
MOM060_0055	KZK200000778	07.10.25	363,3	2,7	16,9500	16,95	1 802 (5)
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)
MOM048_0056	KZK200000760	23.09.25	40 152,0	135,1	16,9801	17,01	1 394 (4)
MOM060_0052	KZK200000679	23.09.25	3 500,0	6,0	16,8861	10,50	311 (1)
MUM240_0001	KZKD00000550	23.09.25	36 101,3	320,5	16,7900	5,50	2 371 (7)
MKM012_0161	KZK100000423	16.09.25	88 363,4	412,2	16,9496	–	239 (1)
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)
MUM084_0018	KZKD00001137	16.09.25	12 955,7	195,9	17,0000	10,40	926 (3)
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)
MUM096_0014	KZKD00001228	09.09.25	13 650,4	37,6	16,9996	14,00	2 043 (6)
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)
MUM300_0002	KZKD00000774	19.08.25	34 013,9	252,5	16,7507	8,35	5 016 (14)
MUM180_0011	KZKD00000790	19.08.25	84 646,0	291,2	16,9814	7,68	1 434 (4)
MUM180_0004	KZKD00000444	19.08.25	64 789,5	222,7	16,8685	5,50	359 (1)
MOM048_0056	KZK200000760	12.08.25	53 349,7	222,1	17,0005	17,01	1 435 (4)
MUM096_0015	KZKD00001301	12.08.25	49 272,8	137,0	16,9697	14,45	2 813 (8)
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)
MKM012_0161	KZK100000423	05.08.25	38 915,5	438,2	16,8492	–	280 (1)
MTC048_0001	KZKF00000012	28.07.25	29 000,0	80,8	0,0000	0,98	1 442 (4)
MUM072_0013	KZKD00001145	28.07.25	121 856,5	271,1	17,0102	10,40	651 (2)
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)
MUM180_0011	KZKD00000790	08.07.25	66 393,7	19,2	16,9692	7,68	1 475 (4)
MUM096_0015	KZKD00001301	08.07.25	23 255,0	153,2	16,9900	14,45	2 847 (8)
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)
MUM180_0009	KZKD00000717	01.07.25	53 883,6	240,4	16,8769	7,22	1 239 (3)
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)
MOM048_0053	KZK200000711	26.06.25	16 262,5	36,1	16,8426	13,75	358 (1)
MTM096_0001	KZKT00000057	26.06.25	81 066,1	209,5	16,8382	1,40	1 997 (6)
MUM156_0005	KZKD00000758	24.06.25	44 433,3	359,7	16,8597	7,47	716 (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)
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)
MUM108_0015	KZKD00001277	17.06.25	2 098,3	3,3	14,3000	14,50	3 139 (9)
MKM012_0160	KZK100000373	17.06.25	11 750,0	83,4	16,3202	–	229 (1)
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)
MUM108_0015	KZKD00001277	10.06.25	10 464,3	20,1	14,3000	14,50	3 146 (9)
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)
MUM108_0015	KZKD00001277	27.05.25	20 827,7	62,5	14,3000	14,50	3 159 (9)
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)
MUM156_0008	KZKD00001293	26.05.25	30 066,0	100,0	14,1000	14,10	4 676 (13)

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

as of 13.11.2025

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	29,1943	38,6238	–	–	–	–	–	–	0	–	34 558
HK_01_2702	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	461
KZ_23_3504	TQOD	98,4000	99,1000	–	–	–	–	–	–	0	–	3 382
KZ_24_3207	TQOD	101,1000	102,0000	–	–	–	–	–	–	0	–	2 384
KZ_25_3707	TQOD	102,3500	–	–	–	–	–	–	–	0	–	4 184
KZ_26_3010	TQOD	99,0000	99,6500	–	–	–	–	–	–	0	–	1 781
MOM048_0052	TQOG	98,6351	98,9358	–	–	–	–	–	–	0	–	64
MOM048_0053	TQOG	97,4599	98,4909	–	–	–	–	–	–	0	–	217
MOM048_0054	TQOG	96,6778	98,0684	–	–	–	–	–	–	0	–	299
MOM048_0056	TQOG	–	101,2944	–	–	–	–	–	–	0	–	1 340
MOM060_0052	TQOG	–	96,1206	–	–	–	–	–	–	0	–	257
MOM060_0054	TQOG	95,2297	98,4284	–	–	–	–	–	–	0	–	721
MUM072_0013	TQOG	–	92,3253	–	–	–	–	–	–	0	–	542
MUM072_0014	TQOG	92,7603	96,8795	96,8795	96,8795	92,7603	92,7603	+0,03	94,3622	2	0,038	1 186
MUM072_0015	TQOG	–	86,3964	–	–	–	–	–	–	0	–	1 550
MUM084_0018	TQOG	85,4471	88,6240	–	–	–	–	–	–	0	–	865
MUM084_0019	TQOG	–	85,0543	–	–	–	–	–	–	0	–	1 895
MUM084_0020	TQOG	89,7613	93,3621	–	–	–	–	–	–	0	–	2 269
MUM096_0011	TQOG	83,2543	83,1943	83,2543	86,9222	83,2543	86,9222	+4,48	86,1248	2	0,020	1 060
MUM096_0012	TQOG	80,2168	83,9245	–	–	–	–	–	–	0	–	1 331
MUM096_0013	TQOG	81,5311	84,0376	–	–	–	–	–	–	0	–	1 517
MUM096_0014	TQOG	87,9744	91,4615	–	–	–	–	–	–	0	–	1 975
MUM108_0012	TQOG	–	95,7921	–	–	–	–	–	–	0	–	226
MUM108_0013	TQOG	82,5365	86,3947	–	–	–	–	–	–	0	–	1 214
MUM108_0014	TQOG	86,3865	90,5492	–	–	–	–	–	–	0	–	2 342
MUM108_0015	TQOG	–	91,8758	–	–	–	–	–	–	0	–	2 989
MUM120_0017	TQOG	–	91,2430	–	–	–	–	–	–	0	–	469
MUM120_0018	TQOG	87,6620	90,0827	–	–	–	–	–	–	0	–	586
MUM120_0019	TQOG	76,5000	78,8887	–	–	–	–	–	–	0	–	1 920
MUM132_0007	TQOG	73,6746	77,7866	–	–	–	–	–	–	0	–	2 409
MUM144_0009	TQOG	69,9500	76,4435	–	–	–	–	–	–	0	–	2 796
MUM156_0005	TQOG	86,3029	88,0532	–	–	–	–	–	–	0	–	573
MUM156_0006	TQOG	70,0000	72,4193	–	–	–	–	–	–	0	–	1 973
MUM156_0007	TQOG	66,5183	72,8495	–	–	–	–	–	–	0	–	2 970
MUM168_0003	TQOG	–	69,9687	–	–	–	–	–	–	0	–	2 309
MUM168_0005	TQOG	68,4602	72,9170	–	–	–	–	–	–	0	–	3 353
MUM180_0004	TQOG	92,1695	92,5008	–	–	–	–	–	–	0	–	271
MUM180_0006	TQOG	–	87,4806	–	–	–	–	–	–	0	–	490
MUM180_0011	TQOG	74,7916	75,9763	–	–	–	–	–	–	0	–	1 346
MUM180_0012	TQOG	–	74,5317	–	–	–	–	–	–	0	–	1 517
MUM180_0013	TQOG	–	68,6700	–	–	–	–	–	–	0	–	2 657
MUM180_0014	TQOG	–	67,7163	–	–	–	–	–	–	0	–	2 676
MUM180_0015	TQOG	67,1234	–	–	–	–	–	–	–	0	–	3 878
MUM180_0016	TQOG	67,1234	74,8021	–	–	–	–	–	–	0	–	4 031
MUM192_0001	TQOG	–	82,8367	–	–	–	–	–	–	0	–	692
MUM192_0002	TQOG	77,0552	77,9060	–	–	–	–	–	–	0	–	871
MUM240_0001	TQOG	55,8564	58,1773	–	–	–	–	–	–	0	–	2 317
MUM240_0002	TQOG	–	63,6990	–	–	–	–	–	–	0	–	3 055
MY_01_3104	EQBD	0,9000	0,9200	–	–	–	–	–	–	0	–	1 961
OM_01_2908	TQOC	99,9893	106,8177	–	–	–	–	–	–	0	–	1 334
SA_05_2704	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	513
TR_02_2904	EQEU	–	104,9900	–	–	–	–	–	–	0	–	1 239
TR_02_2904	EQOC	100,3682	106,5961	–	–	–	–	–	–	0	–	1 239
Total										4	0,058

* 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.