-bills at the amount of GEL 2 000 000 (two million) to be repaid on November 23, 2005 will be brought to the auction No. 16, which will be held on May 18, 2005 at 10:00 am. Interested persons may submit the bid according to the set procedure to the National Bank through the commercial banks, no later than May 18, 2005, before 10:00 am.The results of the auction will be communicated to the banks buying the T-bills on the same day; these will also be published through the media. The parties willing to participate in the auction should be familiar with the Regulation on Issuance, Placement, Circulation, Registration and Repayment of T-bills by the Ministry of Finance, and recognize its compulsory fulfillment. The bids can be obtained at the National Bank or at any commercial bank.