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

MUM096_0015

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

30 000,0 m. KZT

Maturity

2 696 (7)

09.12.2025

MUM180_0015

The Ministry of Finance of the Republic of Kazakhstan

Trade subject

"clean" price

Announced volume

30 000,0 m. KZT

Maturity

3 856 (11)

09.12.2025

Event digest

Market trends

Government Debt / Trading Volume

GS SPOT curve

GS indices

as of 05.12.2025

KZGB_CPm1m

884,60

+0,31 %

KZGB_CP

912,65

+0,32 %

KZGB_CPs

1 195,00

+0,16 %

KZGB_CPm

934,37

+0,33 %

KZGB_CPl

770,99

+0,41 %

"Clean" price index

KZGB_DPm1m

1 113,88

+0,32 %

KZGB_DP

1 110,88

+0,33 %

KZGB_DPs

1 456,33

+0,19 %

KZGB_DPm

1 243,38

+0,34 %

KZGB_DPl

1 050,68

+0,42 %

"Dirty" price Index

KZGB_Ym1m

16,54% APR

-0,09

KZGB_Y

16,52% APR

-0,09

KZGB_Ys

16,89% APR

-0,19

KZGB_Ym

16,78% APR

-0,16

KZGB_Yl

16,14% APR

-0,09

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
MUM120_0020	KZKD00001269	KZT	20,3	16,10	14,00	3 306 (9)	–	05.12.2025
MUM084_0018	KZKD00001137	KZT	0,002	16,00	10,40	845 (2)	Freedom Finance	05.12.2025
KZ_06_4410	XS1120709826	USD	145,3	5,41	4,88	6 787 (19)	–	05.12.2025
MUM180_0013	KZKD00000931	KZT	384,4	16,10	8,66	2 637 (7)	–	04.12.2025
MUM180_0008	KZKD00000659	KZT	5 975,6	16,70	6,50	677 (2)	–	04.12.2025
MUM096_0015	KZKD00001301	KZT	730,0	16,10	14,45	2 698 (7)	–	04.12.2025
MOM060_0052	KZK200000679	KZT	11 983,9	16,70	10,50	237 (1)	–	04.12.2025
MKM012_0161	KZK100000423	KZT	11 188,7	16,75	–	159 (0)	–	04.12.2025
MOM048_0053	KZK200000711	KZT	0,009	16,00	13,75	197 (1)	Freedom Finance	04.12.2025
MOM060_0054	KZK200000737	KZT	6 900,4	16,75	15,35	701 (2)	Freedom Finance	04.12.2025

Finance Ministry RK

МИО

Ticker	ISIN	Date	Issued,mln KZT	Demand, %	Yield,%	TABLE.COUPON_PR	Maturity
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)
MUM156_0006	KZKD00000964	25.11.25	11 349,6	259,8	16,6000	8,44	1 965 (5)
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)
MUM120_0020	KZKD00001269	18.11.25	50 943,4	517,2	16,8710	14,00	3 325 (9)
MUM072_0013	KZKD00001145	18.11.25	17 643,0	219,2	17,0112	10,40	541 (2)
MOM060_0055	KZK200000778	18.11.25	41 319,2	304,5	16,9008	16,95	1 761 (5)
MUM096_0014	KZKD00001228	11.11.25	47 725,8	151,4	17,1012	14,00	1 981 (6)
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)
MUM180_0008	KZKD00000659	11.11.25	39 982,1	144,9	17,1312	6,50	703 (2)
MUM120_0020	KZKD00001269	04.11.25	62 101,8	350,2	17,0000	14,00	3 339 (9)
MOM060_0055	KZK200000778	04.11.25	57 174,7	169,3	17,0848	16,95	1 775 (5)
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)
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)
MUM300_0002	KZKD00000774	28.10.25	75 385,0	824,1	17,1000	8,35	4 947 (14)
KZ_26_3010	XS3212533262	28.10.25	105 742,5	–	0,0000	4,41	1 800 (5)
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)
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)
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)
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)
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)
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)
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)
MUM096_0015	KZKD00001301	02.09.25	32 000,0	200,1	16,9450	14,45	2 793 (8)
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)
MUM084_0020	KZKD00001285	26.08.25	65 486,9	115,1	16,9898	14,60	2 350 (7)
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)
MUM300_0002	KZKD00000774	19.08.25	34 013,9	252,5	16,7507	8,35	5 016 (14)
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)
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)
MKM012_0161	KZK100000423	05.08.25	38 915,5	438,2	16,8492	–	280 (1)
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)
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)
MUM156_0006	KZKD00000964	22.07.25	62 361,7	154,8	16,9183	8,44	2 088 (6)
MUM192_0001	KZKD00000477	22.07.25	57 089,2	172,1	16,9308	5,30	807 (2)
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)
MUM240_0001	KZKD00000550	01.07.25	20 207,5	90,4	16,6703	5,50	2 453 (7)
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)
MUM180_0009	KZKD00000717	01.07.25	53 883,6	240,4	16,8769	7,22	1 239 (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)
MUM096_0011	KZKD00001095	26.06.25	123 454,7	282,1	16,8821	10,47	1 201 (3)
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)
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)
MKM012_0160	KZK100000373	17.06.25	11 750,0	83,4	16,3202	–	229 (1)
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)

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

as of 05.12.2025

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	29,2008	38,3719	–	–	–	–	–	–	0	–	34 538
HK_01_2702	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	441
KZ_06_4410	TQOD	93,7000	93,7000	93,7000	93,7000	93,7000	93,7000	-1,47	93,7000	1	145,3	6 787
KZ_23_3504	TQOD	95,5000	101,7500	–	–	–	–	–	–	0	–	3 362
MOM048_0052	TQOG	99,1590	99,3702	–	–	–	–	–	–	0	–	44
MOM048_0053	TQOG	97,8726	98,8547	–	–	–	–	–	–	0	–	197
MOM048_0054	TQOG	96,7588	98,1219	–	–	–	–	–	–	0	–	279
MOM060_0054	TQOG	95,7791	98,9204	–	–	–	–	–	–	0	–	701
MUM072_0014	TQOG	93,5539	98,1267	–	–	–	–	–	–	0	–	1 166
MUM084_0018	TQOG	86,2387	89,5497	89,5497	89,5497	89,5497	89,5497	+0,99	89,5497	1	0,002	845
MUM084_0020	TQOG	92,5000	–	–	–	–	–	–	–	0	–	2 249
MUM096_0011	TQOG	84,0368	87,8884	–	–	–	–	–	–	0	–	1 040
MUM096_0012	TQOG	81,0838	85,6140	–	–	–	–	–	–	0	–	1 311
MUM096_0013	TQOG	84,1078	88,0789	–	–	–	–	–	–	0	–	1 497
MUM096_0014	TQOG	91,0450	95,9266	–	–	–	–	–	–	0	–	1 955
MUM096_0015	TQOG	92,8327	–	–	–	–	–	–	–	0	–	2 698
MUM108_0013	TQOG	84,0000	87,6993	–	–	–	–	–	–	0	–	1 194
MUM108_0014	TQOG	90,6024	95,7998	–	–	–	–	–	–	0	–	2 322
MUM108_0015	TQOG	92,7651	–	–	–	–	–	–	–	0	–	2 969
MUM120_0018	TQOG	88,3972	90,7598	–	–	–	–	–	–	0	–	566
MUM120_0019	TQOG	78,9204	82,6012	–	–	–	–	–	–	0	–	1 900
MUM120_0020	TQOG	90,1156	90,1156	90,1156	90,1156	90,1156	90,1156	-1,41	90,1156	2	30,5	3 306
MUM132_0007	TQOG	77,5611	82,3076	–	–	–	–	–	–	0	–	2 389
MUM144_0009	TQOG	76,8701	–	–	–	–	–	–	–	0	–	2 776
MUM156_0005	TQOG	87,8795	89,0285	–	–	–	–	–	–	0	–	553
MUM156_0006	TQOG	72,2070	76,1749	–	–	–	–	–	–	0	–	1 953
MUM156_0007	TQOG	73,6785	77,7149	–	–	–	–	–	–	0	–	2 950
MUM156_0008	TQOG	89,2521	–	–	–	–	–	–	–	0	–	4 485
MUM168_0005	TQOG	72,6480	76,8857	–	–	–	–	–	–	0	–	3 333
MUM180_0004	TQOG	93,0316	93,3413	–	–	–	–	–	–	0	–	251
MUM180_0011	TQOG	76,3584	77,5595	–	–	–	–	–	–	0	–	1 326
MUM180_0013	TQOG	69,1428	–	–	–	–	–	–	–	0	–	2 637
MUM180_0014	TQOG	68,1855	–	–	–	–	–	–	–	0	–	2 656
MUM180_0015	TQOG	73,4712	–	–	–	–	–	–	–	0	–	3 858
MUM180_0016	TQOG	74,4844	–	–	–	–	–	–	–	0	–	4 011
MUM192_0002	TQOG	78,2945	79,1422	–	–	–	–	–	–	0	–	851
MUM216_0001	TQOG	62,1915	–	–	–	–	–	–	–	0	–	3 833
MUM216_0002	TQOG	62,6145	–	–	–	–	–	–	–	0	–	4 024
MUM240_0001	TQOG	58,6806	61,7002	–	–	–	–	–	–	0	–	2 297
MUM240_0002	TQOG	64,1566	–	–	–	–	–	–	–	0	–	3 035
MUM240_0004	TQOG	62,7975	–	–	–	–	–	–	–	0	–	3 292
MUM300_0001	TQOG	56,3314	–	–	–	–	–	–	–	0	–	4 693
MUM300_0002	TQOG	58,0131	–	–	–	–	–	–	–	0	–	4 908
MUM300_0003	TQOG	57,6333	–	–	–	–	–	–	–	0	–	5 119
MUM360_0001	TQOG	56,4207	–	–	–	–	–	–	–	0	–	6 769
MY_01_3104	EQBD	0,9100	0,9300	–	–	–	–	–	–	0	–	1 941
OM_01_2908	TQOC	99,9909	106,7142	–	–	–	–	–	–	0	–	1 314
SA_05_2704	EQBD	0,9900	1,0100	–	–	–	–	–	–	0	–	493
TR_02_2904	EQEU	–	104,9900	–	–	–	–	–	–	0	–	1 219
TR_02_2904	EQOC	100,3564	106,4854	–	–	–	–	–	–	0	–	1 219
US107_3102	EQEU	–	88,0000	–	–	–	–	–	–	0	–	1 896
Total										4	175,8

* 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.