News Release
6 July 2005

RESULTS OF AUCTION OF FIXED RATE
LOCAL REGISTERED STOCKS 2010 AE & 2013 AD

Applications were opened on 06 July 2005, at the Bank of Jamaica for $700 000 000 Local Registered Stock
 to be dated and redeemed as follows:

                          Offer                              Issue Date                 Maturity Date                   Instrument

$400 000 000                        2005/07/08                      2010/07/08                      FR LRS 2010 AE

                   $300 000 000                         2005/07/08                      2013/07/08                      FR LRS 2013 AD

 The results are as follows:                                           

                                                                             2010 AE                                                2013 AD 

Amount Applied for                          $ 1 635 710 000                                      $ 1 612 114 000

Amount Allotted                                $    400 000 000                                      $    300 000 000

Full Allotment (price)                  99.82442 – 99.09110                               99.64810 – 97.57283

Full Allotment (yield)                 14.00000% - 14.21007%                       14.20000% - 14.64999% 

Partial Allotment (price)                       99.05662                                                97.43656

Partial Allotment (yield)                      14.22000%                                             14.68001%

Percentage Partial Allotment                 61.10%                                                    79.78%             

Average Yield                                           14.16%                                                 14.48%            

 BANK OF JAMAICA