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Kazakhstan Stock Exchange Announces Repeated Special Trading Session for Government Treasury Bonds

Strategic Insights

— 1 min read

The Kazakhstan Stock Exchange (KASE) has announced a repeated special trading session for the offering of government long-term treasury bonds of Kazakhstan's Ministry of Finance (MEUKAM) on August 12, 2025. The session will offer MEUKAM bonds with a face value of 1,000 tenge, outstanding bonds of 318,540,419 pieces, and a circulation start date of July 30, 2018.

Key Takeaways:

  • The trading session will be held on August 12, 2025, in KASE's trading system, with a declared offering volume of 30,000 million KZT.
  • The MEUKAM bonds have a coupon rate of 8.48% per annum, paid once a year on July 30 annually, and a maturity date of July 30, 2036.
  • The bonds have an outstanding circulation term of 18 years (6,480 days) and will be traded with a term to maturity of 11 years (3,948 days) on the trading date.
  • The market order execution rate will be from 0 to 100% depending on market demand, and orders will be submitted on August 12, 2025, between 09:00 and 12:00 Astana time.
  • The payment date for the traded bonds will be August 14, 2025, with the payment scheme being T+2.
  • Trading participants must provide money available at the money account used for settlement on deals in securities in accordance with the set of rules of the Central Securities Depository (Almaty) in the amount sufficient to pay for acquired treasury bonds.
  • The text of the Rules of placement of government treasury bonds of the Republic of Kazakhstan, the Rules of issue, offering, circulation, service, and redemption of government treasury bonds are available on the KASE website.

Statistics:

  • Outstanding MEUKAM bonds: 318,540,419 pieces
  • Circulation start date: July 30, 2018
  • Circulation end day: July 29, 2036
  • Maturity date: July 30, 2036
  • Term to maturity: 11 years (3,948 days)
  • Declared offering volume: 30,000 million KZT
  • Coupon rate: 8.48% per annum
  • Payment scheme: T+2

Sources:

  • Kazakhstan Stock Exchange announcement
  • Regulations on methods of trading in trading and clearing systems (https://kase.kz/files/normative_base/methods_ASTS_eng.pdf)
  • Rules of placement of government treasury bonds of the Republic of Kazakhstan (https://kase.kz/files/normative_base/mekam_placement_eng.pdf)
  • Rules of issue, offering, circulation, service, and redemption of government treasury bonds (http://kase.kz/files/mix/newgko.pdf)

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