News Release 21 January 2014

Offer of Instruments by the Bank of Jamaica

The Bank of Jamaica announces the offer of two instruments during the period 22-24

January 2014:

(i) Bank of Jamaica US Dollar Certificate of Deposit, BOJ-USD CD 2016A

(ii) Bank of Jamaica US Dollar Certificate of Deposit, BOJ-USD CD 2018A However, the Bank reserves the right to close these instruments on or before 12:30

p.m. on Friday, 24 January 2014.

(i) The offer of BOJ-USD CD 2016A is for an unlimited offer amount at a fixed coupon of 4.0 percent per annum, paid semi-annually.

(ii) The offer of BOJ-USD CD 2018A is for an unlimited offer amount at a fixed coupon of 5.0 percent per annum, paid semi-annually.

The Term Sheets will be circulated via electronic mail to all Primary Dealers and commercial banks and will also be available on the Bank's website at www.boj.org.jm.

These instruments are available directly to Primary Dealers and commercial banks.

Other investors may access these instruments through a Primary Dealer.
Please note that the Bank will continue to offer its regular 30-day Certificate of
Deposit at the current interest rate of 5.75 per cent per annum.

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