During the week, overnight repo rates (TONIA, TRION) were unchanged at 13.50% – the level of the lower limit of the base rate corridor. TWINA moved within the 13.47-13.54% range during the week, settling at 13.48% on Friday. NBK tapped the market with the placement of 28-day notes in the total amount of KZT529.53 bn, which was recorded as the highest since October 4, 2021 (KZT545.99 bn).

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Tengri Partners offers both local and international clients unlimited access to Kazakhstan’s money-market instruments including the repo market of up to 28 days, notes issued by the National Bank of Kazakhstan of up to 6-months and sovereign bonds of up to 1-year.