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Kazakhstan Stock Exchange suspends trading of US treasury bonds

Economy Materials 12 February 2025 16:16 (UTC +04:00)
Kazakhstan Stock Exchange suspends trading of US treasury bonds
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, February 12. Come February 14, the Kazakhstan Stock Exchange (KASE) will hit the brakes on trading four issues of U.S. Treasury international bonds, according to information published on KASE’s official website, Trend reports.

Trading of the following U.S. Treasury securities will be suspended: US91282CAV37 (Government Securities sector, US_06_3011); US912810RJ97 (Government Securities sector, US_07_4411); US912810SY55 (Government Securities sector, US_08_4105); and US91282CKQ32 (Government Securities sector, US143_3405).

The decision was made in alignment with the procedural frameworks delineating KASE functionalities.

"The suspension of trading is in accordance with subparagraph 12 of paragraph 1 of Article 13 of KASE's internal document titled 'Rules of Exchange Operations' due to KASE receiving information that on May 14, 2025, the register for coupon payment on these bonds will be recorded," the statement reads.

To note, trading of the mentioned bonds on KASE will resume on May 16, 2025.

Kazakhstan Stock Exchange (KASE) is a stock exchange headquartered in Almaty, Kazakhstan. It ranks second among the stock exchanges of the CIS in terms of market capitalization. It was founded in 1993. Currently, KASE trading is conducted in US dollars, euros, Chinese yuan, Russian ruble, and tenge, as well as Euro-USD. USD/KZT and EUR/KZT pairs, as well as ordinary transactions, are exchanged as one- and two-day currency swaps. Historically, USD/KZT trades have accounted for more than 95% of total foreign currency market volume. KASE operates three foreign currency trading sessions every day: in the morning, afternoon, and evening. The first two are for trades resolved on the day of transaction. In the evening session, currency is transacted using the T+1 and Т+2 settlement systems.

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