On December 15, 2010, GEL 20 000 000 2 year Ministry of Finance Treasury Notes were sold at the Auction held at NBG. Eight commercial banks participated in the auction. The total demand amounted to GEL 75 800 000. Minimum yield was 13.000%, maximum yield was 13.950% and the weighted average yield was fixed at 13.821%. The coupon rate was 13.8%. Coupons will be paid semiannually.