Chukotka Autonomous Area will issue its people’s bonds at the Finuslugi marketplace. The funds amounting to 140 million rubles are to be applied to finance municipal initiatives, according to the press service of the Ministry for the Development of the Russian Far East and Arctic.

Their maturity will be one year and the par value – 1,000 rubles. The coupon yield will be around 17.5 percent throughout their maturity term. Bond payments will be made quarterly. Investors will be able to sell the bonds starting April 1, 2026. The accumulated coupon yield is to be calculated until the order has been executed, i.e. the investor will not lose the interest during this period.

“The people’s bonds mechanism is not only a financial instrument, but also a form of participatory budgeting, when the residents become direct participants in the transformations. Such an approach makes government programs truly popular and promotes the culture of responsible investment in the Far East and the Arctic,” stressed Deputy Minister for the Development of the Russian Far East and Arctic Elvira Nurgalieva.

It should be noted that the attracted funds will be applied to implement participatory budgeting projects, including yard areas landscaping according to the master plans. Requests for the bonds purchase will be accepted since 00:00 Moscow time (09:00 Anadyr time) on September 30, 2025.