News Release
Thursday, August 12, 2004

TREASURY BILL RESULTS

Applications were opened on Wednesday, August 11, 2004 at the Bank of Jamaica for $400,000,000.00 Jamaica Treasury Bills to be dated Friday, August 13, 2004.
 The results are as follows:


 Instrument:  JAMAICA TREASURY BILLS

  Issue Date: Friday, August 13, 2004           Maturity Date: Friday, August 12, 2005
                    
                       Offer:                 400,000,000.00

 Amount Applied For:                      768,196,700           Percentage Partial Allotment:     34.16684

       Amount Alloted:                       400,000,000                  Partial Allotment (price):     85.94383

         Average Yield:                            16.36229%               Partial Allotment (yield):     16.40000%

Full Allotment (price):           86.23949 - 85.94387

Full Allotment (yield):           15.99999 - 16.39994%


Total nominal amount of Treasury Bills outstanding as at Friday, 13 August 2004 is $3,750,000,000.00

Applications for the next issue of Treasury Bills must be lodged at the Bank of Jamaica by 11:30 am on Wednesday, 25 August 2004.