On June 22, 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.

Five commercial banks participated in the auction. The total demand amounted to GEL 11 700 000. Minimum yield was 14.300%, maximum yield was 14.750% and the weighted average yield was fixed at 14.638%. The coupon rate was 14.6%. Coupons will be paid semiannually.