Ministry of Finance and Government of FBiH find that first auction of bonds of FBiH was successfully held at Sarajevo Stock Exchange on Tuesday.

''We went out on the market with 80 million KM offer, i.e. we offered 80 .000 bonds with nominal value of 1.000 KM and three years of maturity deadline. There was demand of banking sector in the amount of nearly 109 million KM at the auction, which means that demand exceeded our offer'', Federal Minister of Finance Ante Krajina stated in Sarajevo today.

All 80.000 bonds of nominal value of 80 million KM were sold according to average weighted interest rate of 5.25%.

''According to the available information, actions of state securities were haled and these conditions were not achieved. We believe it is a reflection of trust and the banking sector in the Government and of Government in the banking sector. The fact is we envisaged this in the budget and this is the first auction and for the future ones the Government will make decisions individually'', Krajina added.

Asked about talk with International Monetary Fund (IMF), he said they have not set the amount they will ask from IMF and that will depend on negotiations.

''Government discussed certain possibilities and we have some combinations. We will see, if there is possibility and IMF's good will to get a higher amount from these funds, because interest rate is convenient, i.e. the most convenient one so far, so we might restructure some of our duties'', Krajina said.