The expert spoke about the profitability of "people's" bonds

Vladislav Bukharsky, Associate Director for Sovereign and Regional Ratings at Expert RA, told Izvestia that seven regions of Russia are preparing to issue national bonds in 2026 to finance infrastructure and social projects.

According to him, the yield on these securities will not be lower than bank deposits, but often higher in order to compete with them, although the volumes will remain modest — up to 1 billion rubles per region, with a circulation period of 1-5 years and a minimum purchase amount of 1 thousand rubles.

"People's bonds will complement, rather than replace, bank loans and classic issues, slightly increasing the debt burden and focusing coupon rates on deposit yields," the expert said.

Bukharsky stressed that the funds will be used to cover the budget deficit without strict reference to specific projects: from master plans in the Amur region and electric buses in Moscow to local initiatives in the Ulyanovsk region. At the same time, the risks of inefficient spending or corruption around bonds are not higher than with traditional borrowing, since bonds technically finance the deficit on a par with other instruments, he stressed.

Earlier it became known that seven regions of Russia are preparing to issue national bonds in 2026. Igor Alutin, Senior Managing Director of the Moscow Stock Exchange for retail business, development of electronic platforms and the Finuslugi marketplace, told the media about this. Read more about the new securities in the Izvestia article.

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