On November 17, 2010, GEL 20 000 000 2 year Ministry of Finance Treasury Notes were sold at the Auction held at NBG. Seven commercial banks participated in the auction. The total demand amounted to GEL 67 300 000. Minimum yield was 14.250%, maximum yield was 14.750% and the weighted average yield was fixed at 14.394%. The coupon rate was 14.3%. Coupons will be paid semiannually.