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 2026 year

Go to the page

Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 23.01.2026

KZGB_CPm1m

904,09

+0,01 %

KZGB_CP

933,09

+0,01 %

KZGB_CPs

1 205,09

+0,23 %

KZGB_CPm

949,60

-0,03 %

KZGB_CPl

794,23

+0,24 %

"Clean" price index

KZGB_DPm1m

1 153,79

+0,04 %

KZGB_DP

1 150,21

+0,04 %

KZGB_DPs

1 488,16

+0,25 %

KZGB_DPm

1 279,72

0,00 %

KZGB_DPl

1 095,77

+0,25 %

"Dirty" price Index

KZGB_Ym1m

16,04% APR

KZGB_Y

16,02% APR

-0,01

KZGB_Ys

16,82% APR

-0,37

KZGB_Ym

16,37% APR

+0,01

KZGB_Yl

15,58% APR

-0,07

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
MUM192_0001	KZKD00000477	KZT	69,1	17,40	5,30	624 (2)	Citibank	23.01.2026
MUM120_0018	KZKD00000907	KZT	69,0	17,40	9,00	518 (1)	Freedom Finance	23.01.2026
MUM096_0012	KZKD00001160	KZT	0,547	16,00	10,55	1 263 (4)	Freedom Finance	23.01.2026
MUM084_0018	KZKD00001137	KZT	0,010	15,30	10,40	797 (2)	Freedom Finance	23.01.2026
MUM072_0014	KZKD00001210	KZT	6,7	17,00	15,30	1 118 (3)	Freedom Finance	23.01.2026
US_97_3205	US91282CEP23	USD	0,956	3,97	2,88	2 302 (6)	–	23.01.2026
MUM096_0014	KZKD00001228	KZT	0,101	16,55	14,00	1 907 (5)	Freedom Finance	22.01.2026
MUM108_0014	KZKD00001236	KZT	0,100	16,40	14,00	2 274 (6)	Freedom Finance	22.01.2026
MOM048_0054	KZK200000729	KZT	25,8	18,00	13,90	231 (1)	Freedom Finance	22.01.2026
NTK091_2872	KZW100014387	KZT	1 389,6	17,07	–	87 (0)	–	21.01.2026

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
MUM180_0013	KZKD00000931	20.01.26	60 678,4	458,2	15,5004	8,66	2 594 (7)
MOM060_0055	KZK200000778	20.01.26	74 211,4	240,8	15,4784	16,95	1 699 (5)
MUM084_0020	KZKD00001285	13.01.26	41 027,6	341,0	15,5595	14,60	2 213 (6)
MOM060_0054	KZK200000737	06.01.26	47 782,4	135,1	16,4232	15,35	672 (2)
MUM096_0014	KZKD00001228	06.01.26	29 157,7	188,1	15,5096	14,00	1 926 (5)
MUM120_0020	KZKD00001269	06.01.26	46 005,0	195,5	15,5276	14,00	3 277 (9)
MUM180_0008	KZKD00000659	23.12.25	65 412,2	419,3	16,4603	6,50	661 (2)
MUM144_0009	KZKD00001178	23.12.25	30 035,4	312,5	15,4433	10,69	2 760 (8)
MOM060_0055	KZK200000778	17.12.25	53 780,1	302,7	15,4514	16,95	1 732 (5)
MUM180_0015	KZKD00001186	09.12.25	23 660,1	839,8	15,5500	10,78	3 856 (11)
MUM096_0015	KZKD00001301	09.12.25	30 758,8	669,0	15,5500	14,45	2 696 (7)
MKM012_0161	KZK100000423	02.12.25	4 653,4	287,8	16,7800	–	163 (0)
MUM120_0020	KZKD00001269	02.12.25	55 240,3	842,1	16,1000	14,00	3 311 (9)
MUM096_0015	KZKD00001301	25.11.25	41 824,6	463,3	16,5800	14,45	2 710 (8)
MUM180_0008	KZKD00000659	25.11.25	7 601,0	488,9	16,8800	6,50	689 (2)
MUM156_0006	KZKD00000964	25.11.25	11 349,6	259,8	16,6000	8,44	1 965 (5)
MOM060_0055	KZK200000778	18.11.25	41 319,2	304,5	16,9008	16,95	1 761 (5)
MUM072_0013	KZKD00001145	18.11.25	17 643,0	219,2	17,0112	10,40	541 (2)
MUM120_0020	KZKD00001269	18.11.25	50 943,4	517,2	16,8710	14,00	3 325 (9)
MUM096_0015	KZKD00001301	11.11.25	41 963,0	490,9	17,0000	14,45	2 724 (8)
MUM180_0015	KZKD00001186	11.11.25	60 000,0	262,0	16,9500	10,78	3 884 (11)
MUM096_0014	KZKD00001228	11.11.25	47 725,8	151,4	17,1012	14,00	1 981 (6)
MUM180_0008	KZKD00000659	11.11.25	39 982,1	144,9	17,1312	6,50	703 (2)
MOM060_0055	KZK200000778	04.11.25	57 174,7	169,3	17,0848	16,95	1 775 (5)
MUM192_0001	KZKD00000477	04.11.25	54 043,3	185,3	17,1106	5,30	705 (2)
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)
MUM120_0018	KZKD00000907	28.10.25	11 200,6	135,0	17,1200	9,00	605 (2)
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)
MUM300_0002	KZKD00000774	28.10.25	75 385,0	824,1	17,1000	8,35	4 947 (14)
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)
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)
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)
MUM180_0007	KZKD00000618	26.09.25	3 657,2	26,9	17,0000	5,49	712 (2)
MUM096_0015	KZKD00001301	26.09.25	53 117,0	232,3	16,9986	14,45	2 769 (8)
MUM240_0001	KZKD00000550	23.09.25	36 101,3	320,5	16,7900	5,50	2 371 (7)
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)
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)
MUM132_0007	KZKD00001152	16.09.25	11 906,4	77,5	17,0000	10,65	2 470 (7)
MUM084_0018	KZKD00001137	16.09.25	12 955,7	195,9	17,0000	10,40	926 (3)
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)
MUM096_0014	KZKD00001228	09.09.25	13 650,4	37,6	16,9996	14,00	2 043 (6)
MUM108_0015	KZKD00001277	09.09.25	155,0	29,8	16,9500	14,50	3 057 (8)
MUM096_0015	KZKD00001301	02.09.25	32 000,0	200,1	16,9450	14,45	2 793 (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)
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)
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)
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)
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)

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

as of 23.01.2026

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	26,3161	37,0163	–	–	–	–	–	–	0	–	34 489
HK_01_2702	EQBD	1,0000	1,0200	–	–	–	–	–	–	0	–	393
KZ_06_4410	TQOD	–	95,0000	–	–	–	–	–	–	0	–	6 739
KZ_23_3504	TQOD	97,5010	100,0000	–	–	–	–	–	–	0	–	3 314
MKM012_0161	TQOG	–	95,4528	–	–	–	–	–	–	0	–	110
MOM048_0053	TQOG	98,4262	99,1800	–	–	–	–	–	–	0	–	149
MOM048_0054	TQOG	97,5750	98,7225	–	–	–	–	–	–	0	–	231
MOM060_0052	TQOG	96,8849	97,3509	–	–	–	–	–	–	0	–	189
MOM060_0054	TQOG	96,2707	99,0948	–	–	–	–	–	–	0	–	653
MOM060_0055	TQOG	102,3239	109,1333	–	–	–	–	–	–	0	–	1 694
MUM072_0013	TQOG	–	93,7495	–	–	–	–	–	–	0	–	474
MUM072_0014	TQOG	96,0361	96,0361	96,0361	96,0361	96,0361	96,0361	+0,02	96,0361	1	6,7	1 118
MUM084_0018	TQOG	88,0162	91,2366	91,2366	91,2366	91,2366	91,2366	+0,05	91,2366	1	0,010	797
MUM084_0019	TQOG	87,5035	89,4785	–	–	–	–	–	–	0	–	1 827
MUM084_0020	TQOG	–	97,9903	–	–	–	–	–	–	0	–	2 201
MUM096_0011	TQOG	86,3795	90,2275	–	–	–	–	–	–	0	–	992
MUM096_0012	TQOG	86,0000	85,9951	85,9951	85,9951	85,9951	85,9951	+0,01	85,9951	2	3,3	1 263
MUM096_0013	TQOG	84,5686	87,3495	–	–	–	–	–	–	0	–	1 449
MUM096_0014	TQOG	91,2198	95,1277	–	–	–	–	–	–	0	–	1 907
MUM108_0013	TQOG	86,4365	88,0298	–	–	–	–	–	–	0	–	1 146
MUM108_0014	TQOG	90,7481	94,5604	–	–	–	–	–	–	0	–	2 274
MUM108_0015	TQOG	–	98,0869	–	–	–	–	–	–	0	–	2 921
MUM120_0017	TQOG	–	91,0000	–	–	–	–	–	–	0	–	401
MUM120_0018	TQOG	89,9058	89,9058	89,9058	89,9058	89,9058	89,9058	-1,82	89,9058	1	69,0	518
MUM120_0019	TQOG	80,6093	82,8051	–	–	–	–	–	–	0	–	1 852
MUM120_0020	TQOG	–	95,6374	–	–	–	–	–	–	0	–	3 258
MUM132_0007	TQOG	77,8081	81,2984	–	–	–	–	–	–	0	–	2 341
MUM144_0009	TQOG	75,4959	83,1674	–	–	–	–	–	–	0	–	2 728
MUM156_0005	TQOG	89,1340	90,0977	–	–	–	–	–	–	0	–	505
MUM156_0006	TQOG	72,6724	76,0205	–	–	–	–	–	–	0	–	1 905
MUM156_0007	TQOG	72,9336	76,6743	–	–	–	–	–	–	0	–	2 902
MUM168_0005	TQOG	71,8047	75,7312	–	–	–	–	–	–	0	–	3 285
MUM180_0004	TQOG	94,3319	94,5874	–	–	–	–	–	–	0	–	203
MUM180_0008	TQOG	–	86,5111	–	–	–	–	–	–	0	–	629
MUM180_0011	TQOG	77,9385	80,2411	–	–	–	–	–	–	0	–	1 278
MUM180_0013	TQOG	68,0000	–	–	–	–	–	–	–	0	–	2 589
MUM192_0001	TQOG	83,0832	83,0832	83,0832	83,0832	83,0832	83,0832	+0,46	83,0832	1	69,1	624
MUM192_0002	TQOG	79,6319	80,4490	–	–	–	–	–	–	0	–	803
MUM240_0001	TQOG	60,0163	62,0747	–	–	–	–	–	–	0	–	2 249
MY_01_3104	EQBD	0,9100	0,9300	–	–	–	–	–	–	0	–	1 893
NTK091_2872	TQOG	–	96,1919	–	–	–	–	–	–	0	–	87
OM_01_2908	TQOC	99,9990	106,4905	–	–	–	–	–	–	0	–	1 266
SA_05_2704	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	445
TR_02_2904	EQOC	100,3380	106,2478	–	–	–	–	–	–	0	–	1 171
TR_02_2904	EQEU	–	100,0000	–	–	–	–	–	–	0	–	1 171
US_85_2606	TQOD	97,0000	–	–	–	–	–	–	–	0	–	156
US_97_3205	TQOD	93,9649	93,9470	93,9470	93,9470	93,9470	93,9470	+0,00	93,9470	1	0,956	2 302
Total										7	149,1

* 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.