ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of June 27, 2025 No. 473

About approval of Rules of release, placement, the address, servicing and repayment of the state treasury obligations issued by the Government of the Republic of Kazakhstan in the domestic market

According to Item 6 of Article 139 of the Budget code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of release, placement, the address, servicing and repayment of the state treasury obligations issued by the Government of the Republic of Kazakhstan in the domestic market.

2. Recognize invalid some decisions of the Government of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of June 27, 2025 No. 473

Rules of release, placement, the address, servicing and repayment of the state treasury obligations issued by the Government of the Republic of Kazakhstan in the domestic market

Chapter 1. General provisions

1. These rules of release, placement, the address, servicing and repayment of the state treasury obligations issued by the Government of the Republic of Kazakhstan in the domestic market (further – Rules), are developed according to Item 6 of Article 139 of the Budget code of the Republic of Kazakhstan and determine procedure for release, placement, the address, servicing and repayment of the state treasury obligations (further – treasury obligations) issued by the Government of the Republic of Kazakhstan in the domestic market.

2. Treasury obligations are the government issued securities emitted by the Ministry of Finance of the Republic of Kazakhstan (further – the Ministry of Finance) on behalf of the Government of the Republic of Kazakhstan.

Chapter 2. The concepts used in these rules

3. In these rules the following concepts are used:

1) the primary dealer – the professional participant of the security market allowed in accordance with the established procedure to participation in placement of treasury obligations and conforming to the requirements established by the issuer in coordination with National Bank of the Republic of Kazakhstan (further – National Bank);

2) the depositor – the organization, being the client of the central depositary;

3) the financial agent – the legal entity for and on behalf of the issuer performing placement of treasury obligations based on the agency agreement signed with the issuer about placement of treasury obligations;

4) internal regulations of servicing and repayment of treasury obligations – the internal document of the central depositary approved with the issuer based on whom the central depositary performs servicing and repayment of treasury obligations;

5) internal regulations of placement of treasury obligations – the internal document of the financial agent approved with the issuer based on whom the financial agent performs placement of treasury obligations;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info