On May 4, 2011, securities in the amount of GEL 15 000 000 with a maturity of 350 days were sold at the Ministry of Finance Treasury Bill Auction. Five commercial banks participated in the auction. The total demand amounted to GEL 22 900 000. Minimum yield was 9.220%, maximum yield was 9.550% and the weighted average yield was fixed at 9.465%.