On September 14, 2011, securities in the amount of GEL 10 000 000 with a maturity of 5 years were sold at the Ministry of Finance Treasury Notes Auction. Six commercial banks participated in the auction. The total demand amounted to GEL 16 500 000. Minimum yield was 12.890%, maximum yield was 13.400% and the weighted average yield was fixed at 13.036%. The coupon rate was 13%. Coupons will be paid semiannually.