On August 17, 2011, securities in the amount of GEL 5 000 000 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 12 000 000. Minimum yield was 13.400%, maximum yield was 13.730% and the weighted average yield was fixed at 13.517%. The coupon rate was 13.5%. Coupons will be paid semiannually.