Obbligazione Jamaïca 8% ( US470160AW29 ) in USD

Emittente Jamaïca
Prezzo di mercato 100 USD  ⇌ 
Paese  Giamaica
Codice isin  US470160AW29 ( in USD )
Tasso d'interesse 8% per anno ( pagato 2 volte l'anno)
Scadenza 24/06/2019 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Jamaica US470160AW29 in USD 8%, scaduta


Importo minimo 100 000 USD
Importo totale 750 000 000 USD
Cusip 470160AW2
Descrizione dettagliata La Giamaica è un'isola caraibica rinomata per la sua cultura vibrante, la musica reggae e le spiagge mozzafiato.

The Obbligazione issued by Jamaïca ( Jamaica ) , in USD, with the ISIN code US470160AW29, pays a coupon of 8% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 24/06/2019







Prospectus Supplement
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424B5 1 d424b5.htm PROSPECTUS SUPPLEMENT
Table of Contents
Prospectus supplement to prospectus dated March 2, 2007
Filed pursuant to Rule 424(b)(5)
File No: 333-151699
File No: 333-136480
Government of Jamaica

US$350,000,000
8.00% Amortizing Notes due 2019

The Government of Jamaica is offering US$350,000,000 of its 8.00% Amortizing Notes due 2019. The notes will be direct,
general, unsecured and unconditional obligations and will rank at least pari passu, without any preference among themselves.
The payment obligations of Jamaica under the notes will at all times rank at least equally with all other payment obligations
of Jamaica related to unsecured External Indebtedness (as defined). Jamaica has pledged its full faith and credit for the due
and punctual payment of principal and interest on the notes. Jamaica will pay principal on the notes in three equal
installments on June 24, 2017, June 24, 2018 and June 24 , 2019. Jamaica will pay interest on the outstanding principal of the
notes semiannually in arrears on June 24 and December 24 of each year, commencing on December 24, 2008 at an annual
rate of 8.00%.
The notes are being offered globally for sale in jurisdictions where it is lawful to make such offers and sales. Jamaica has
applied for the notes to be listed on the Official List of the Luxembourg Stock Exchange and traded on the Euro MTF Market
of that exchange.
It is intended that a portion of the notes will be offered and sold outside of the United States to non-U.S. persons in
accordance with Regulation S under the Securities Act. Terms used in this paragraph have the meanings given to them in
Regulation S under the Securities Act.
Neither the U.S. Securities and Exchange Commission nor any other regulatory body has approved or disapproved
these securities or passed upon the adequacy or accuracy of this preliminary prospectus supplement or the prospectus
to which it relates. Any representation to the contrary is a criminal offense.



Per Note
Total
Public offering price(1)

97.498%
US$341,243,000
Underwriting discounts and commissions

0.085%
US$
297,500
Proceeds, before expenses, to Jamaica

97.413%
US$340,945,500


(1) Interest on the notes will accrue from June 24, 2008.
Delivery of the notes in book entry form will be made on or about June 24, 2008.
Joint Lead Managers and Joint Bookrunners

Deutsche Bank
Securities
Morgan Stanley

The date of this prospectus supplement is June 17, 2008.
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INTRODUCTORY STATEMENTS
Jamaica accepts responsibility for the information contained in this prospectus supplement and the prospectus that
accompanies it. To the best of the knowledge and belief of the Government of Jamaica (which has taken all reasonable care
to ensure that such is the case), the information contained in this prospectus supplement and the accompanying prospectus
accurately reflects the facts and does not omit anything likely to affect the import of such information.
The Government of Jamaica is a foreign sovereign government. Foreign sovereign governments are generally immune
from lawsuits and from the enforcement of judgments under United States laws; however, foreign sovereign governments
may waive this immunity, and limited exceptions to this immunity are set forth in the U.S. Foreign Sovereign Immunities Act
of 1976 (the "Immunities Act"). See "Enforcement of Claims" and "Description of the Debt Securities -- Enforcement of
Claims" in the accompanying prospectus.
The distribution of this prospectus supplement and the accompanying prospectus and the offering of the notes may be
legally restricted in some countries. If you wish to distribute this prospectus supplement or the accompanying prospectus, you
should observe any applicable restrictions. This prospectus supplement and the accompanying prospectus should not be
considered an offer, and it is prohibited to use them to make an offer, in any state or country in which the making of an offer
of the notes is prohibited.
Unless otherwise indicated, all references in this prospectus supplement to "JA dollars" and "J$" are to Jamaica dollars,
the lawful national currency of the country of Jamaica, and those to "U.S. dollars" or "US$" are to the lawful currency of the
United States of America. Unless the context otherwise requires, references to "Jamaica" are references to the Government of
Jamaica.
The official exchange rate published by the Bank of Jamaica for U.S. dollars on June 18, 2008 was J$71.77 per
US$1.00.

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OFFERING SUMMARY
This summary highlights information contained in this prospectus supplement and the accompanying prospectus
and may not contain all of the information that may be important to you. You should read this summary along with the
more detailed description appearing elsewhere in this prospectus supplement and in the accompanying prospectus.

Issuer
Government of Jamaica.
Notes
US$350,000,000 8.00% Amortizing Notes due 2019.
Issue Price
8.00% of the principal amount of the notes plus accrued interest, if any.
Maturity Date
The notes will mature on June 24, 2019 and will amortize in three equal
installments due on June 24, 2017, June 24, 2018 and June 24, 2019.
Interest
The notes will bear interest at a rate of 8.00% per annum on the
outstanding principal amount payable semiannually in arrears in U.S.
dollars on June 24 and December 24 of each year, commencing
December 24, 2008.
Withholding Tax and Additional Amounts
Jamaica will make all payments of principal and interest on the notes
without withholding or deduction for any Jamaican taxes, except in
certain limited circumstances. See "Description of the Debt Securities --
Additional Amounts".
Further Issues
Jamaica may from time to time, without your consent, increase the size of
the issue of the notes, or issue additional debt securities that may be
consolidated and form a single series with the outstanding notes.
Book Entry Delivery, Form and
The notes will be issued in fully registered form without interest coupons
Denominations
in minimum denominations of US$100,000 of original principal amount
and integral multiples of US$1,000 in excess thereof. The notes will be
represented by one or more global notes, registered in the name of Cede
& Co. as nominee of DTC. Beneficial interests in the global notes will be
shown on, and the transfer thereof will be effected through, records
maintained by DTC. See "Global Clearance and Settlement".
Status of the Notes
The notes will be direct, general, unsecured and unconditional obligations
of Jamaica. They will rank equally in right of payment among themselves
and with all of Jamaica's existing and future unsecured external
indebtedness. Jamaica has pledged its full faith and credit to make all
payments on the notes when due. See "Description of the Debt Securities
-- Status of the Debt Securities".
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Events of Default
The notes will contain certain events of default, the occurrence of which
may permit noteholders to accelerate Jamaica's obligations under the
notes prior to maturity. See "Description of the Debt Securities --
Default; Acceleration of Maturity".
Negative Pledge
The notes will contain certain covenants, including a negative pledge
covenant that will restrict Jamaica from creating or permitting to exist
(subject to certain exceptions) any security interest on any of its present
or future revenue, properties or assets. See "Description of the Debt
Securities -- Negative Pledge".
Payments of Principal and Interest
Jamaica will make payments of principal and interest on the notes in U.S.
dollars through the paying agent to DTC, which will receive funds for
distribution to the holders of the notes as registered with the registrar at
the close of business on the fifteenth day preceding the date of payment.
Listing
Jamaica intends to apply to have the notes listed on the Official List of
the Luxembourg Stock Exchange and traded on the Euro MTF Market of
that exchange.
Use of Proceeds
Jamaica will use the net proceeds from the sale of the notes for general
budgetary purposes.
Taxation
See "Taxation" for a discussion of the U.S. and Jamaican tax
consequences associated with an investment in the notes. Investors
should consult their own tax advisors in determining the tax
consequences of the purchase, ownership and disposition of the notes.
Fiscal Agent, Principal Paying Agent and
Deutsche Bank Trust Company Americas.
Registrar

Paying Agent and Transfer Agent
Deutsche Bank Luxembourg S.A.
Governing Law
The notes and the fiscal agency agreement are governed by the laws of
the State of New York, except with respect to their authorization and
execution, which will be governed by the laws of Jamaica. See
"Description of the Debt Securities -- Governing Law and Submission to
Jurisdiction".
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USE OF PROCEEDS
The amount of the net proceeds from the sale of the notes, after deducting underwriting commissions and expenses, is
expected to be approximately US$340,840,500. Jamaica will use these net proceeds for general budgetary purposes.

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DESCRIPTION OF THE NOTES
GENERAL
The notes will be issued under a fiscal agency agreement, dated as of June 20, 2002, among Jamaica, Deutsche Bank
Trust Company Americas, as fiscal agent, principal paying agent and registrar, and Deutsche Bank Luxembourg S.A., as
paying agent and a transfer agent.
The notes are a series of debt securities more fully described in the accompanying prospectus, except to the extent
indicated below. The following statements are subject to the provisions of the fiscal agency agreement and the notes. This
summary does not purport to be complete and the description below may not contain all of the information that is important
to you as a potential investor in the notes. Jamaica has filed the fiscal agency agreement dated June 20, 2002, which includes
a form of the notes, with the U.S. Securities and Exchange Commission as an exhibit to Jamaica's annual report on Form 18-
K for the fiscal year ended March 31, 2002. You should refer to the exhibit referenced above for more complete information
concerning the fiscal agency agreement and the notes. Capitalized terms not defined below shall have the respective
meanings given in the accompanying prospectus.
The notes will:


·
be issued in an aggregate principal amount of US$350,000,000;


·
bear interest at 8.00% per year on the outstanding principal amount from June 24, 2008;

·
mature on June 24, 2019 and amortize in three equal installments on June 24, 2017, June 24, 2018 and June 24,

2019.


·
pay interest on June 24 and December 24 of each year, commencing December 24, 2008; and

·
pay interest to the persons in whose names the notes are registered on the record date, which is the close of

business on the preceding June 9 or December 9 (whether or not a business day), as the case may be. Interest will
be calculated on the basis of a 360-day year, consisting of twelve 30-day months.
Jamaica intends to apply for the notes to be listed on the Official List of the Luxembourg Stock Exchange and traded on
the Euro MTF Market of that exchange. In addition, Jamaica will maintain a paying agent and transfer agent in Luxembourg
so long as any of the bonds are admitted to trading on the Euro MTF Market and the rules of the Luxembourg Stock
Exchange so require.
BOOK ENTRY
Jamaica will issue the notes in the form of one or more fully registered global notes. Jamaica will deposit the global
notes with DTC and register the global notes in the name of Cede & Co. as DTC's nominee. Beneficial interests in the global
notes will be represented by, and transfers thereof will be effected only through, book-entry accounts maintained by DTC and
its participants.
CERTIFICATED SECURITIES
In circumstances detailed in the accompanying prospectus (see "Description of the Debt Securities -- Global Securities
-- Registered Ownership of the Global Security"), Jamaica may issue certificated securities. In that event, Jamaica will issue
certificated securities in denominations of US$100,000 and integral multiples of US$1,000. The holders of certificated
securities shall present directly at the corporate trust office of the fiscal agent, at the office of the Luxembourg paying and
transfer agent or at the office of any other transfer agent as Jamaica may designate from time to time all requests for the
registration of any transfer of such securities, for the exchange of such securities for one or more new certificated securities
in a like aggregate principal amount and in authorized denominations and for the replacement of such securities in the cases
of mutilation, destruction, loss or theft.

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REGISTRATION AND PAYMENTS
Jamaica will pay each installment amount of a note on the applicable payment date in immediately available funds in the
City of New York upon presentation of the note at the office of the fiscal agent in the City of New York or, subject to
applicable law and regulations, at the office outside the United States of any paying agent, including the Luxembourg paying
agent (if the notes are admitted for trading on the Euro MTF Market, and the rules of the Luxembourg Stock Exchange so
require).
Jamaica will appoint the fiscal agent as registrar, principal paying agent and transfer agent of the notes. In these
capacities, the fiscal agent will, among other things:

·
maintain a record of the aggregate holdings of notes represented by the global notes and any certificated notes and

accept notes for exchange and registration of transfer;

·
ensure that payments of principal and interest in respect of the notes received by the fiscal agent from Jamaica are

duly paid to the depositaries for the securities or their respective nominees and any other holders of any notes; and


·
transmit to Jamaica any notices from holders of any of the notes.
If the notes are admitted for trading on the Euro MTF Market, and the rules of the Luxembourg Stock Exchange so
require, Jamaica will appoint and maintain a paying agent and a transfer agent in Luxembourg, who shall initially be
Deutsche Bank Luxembourg S.A. Holders of certificated securities will be able to receive payments thereon and effect
transfers thereof at the offices of the Luxembourg paying and transfer agent. For so long as the notes are listed on the
Luxembourg Stock Exchange, Jamaica will publish any change as to the identity of the Luxembourg paying and transfer
agent in a leading newspaper in Luxembourg, which is expected to be the d'Wort, or on the website of the Luxembourg Stock
Exchange (www.bourse.lu).
REDEMPTION AND SINKING FUND
Jamaica may not redeem the notes prior to maturity. Jamaica will not provide a sinking fund for the amortization and
retirement of the notes.
REGARDING THE FISCAL AGENT
The fiscal agent has its principal corporate trust office at Deutsche Bank Trust Company Americas, Trust & Securities
Services, 60 Wall Street, 27th Floor-MS NYC60-2710, New York, NY 10005. Jamaica will at all times maintain a paying
agent and a transfer agent in the City of New York or the State of New Jersey which will, unless otherwise provided, be the
fiscal agent. Jamaica may maintain deposit accounts and conduct other banking transactions in the ordinary course of
business with the fiscal agent. The fiscal agent will be the agent of Jamaica, not a trustee for holders of any notes.
Accordingly, the fiscal agent will not have the same responsibilities or duties to act for such holders as would a trustee,
except that monies held by the fiscal agent as payment of principal or interest on the notes shall be held by the fiscal agent in
trust for the holders of the notes.
The fiscal agency agreement is not required to be qualified under the U.S. Trust Indenture Act of 1939. Accordingly, the
fiscal agency agreement may not contain all of the provisions that could be beneficial to holders of the notes that would be
contained in an indenture qualified under the Trust Indenture Act.

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NOTICES
All notices will be published in London in the Financial Times, in the City of New York in The Wall Street Journal and,
so long as the notes are admitted for trading on the Euro MTF, in Luxembourg in the Luxemburger Wort. If Jamaica cannot,
for any reason, publish notice in any of these newspapers, it will choose an appropriate alternate English language newspaper
of general circulation, and notice in that newspaper will be considered valid notice. Notice will be considered made as of the
first date of its publication.
FURTHER ISSUES
Jamaica may from time to time, without your consent, create and issue additional debt securities having the same terms
and conditions as the notes offered by this prospectus supplement (or the same except for the amount of the first interest
payment). Jamaica may consolidate the additional debt securities to form a single series with the outstanding notes.

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GLOBAL CLEARANCE AND SETTLEMENT
DTC, Euroclear and Clearstream, Luxembourg have established links among themselves to facilitate the initial
settlement of the notes and cross-market transfers of the notes in secondary market trading. DTC will be linked to JPMorgan
Chase Bank, a New York banking corporation, as depositary of the Euroclear System ("Euroclear"), and Citibank, N.A. as
depository for Clearstream Banking, société anonyme ("Clearstream, Luxembourg") (the "Clearing System Depositories").
Although DTC, Euroclear and Clearstream, Luxembourg have agreed to the procedures provided below to facilitate
transfers of notes among participants of DTC, Euroclear and Clearstream, Luxembourg, they are under no obligation to
perform such procedures. In addition, such procedures may be modified or discontinued at any time. Neither Jamaica nor the
Fiscal Agent will have any responsibility for the performance by DTC, Euroclear or Clearstream, Luxembourg or their
respective participants or indirect participants of the respective obligations under the rules and procedures governing their
operations.
THE CLEARING SYSTEMS
Depository Trust Company. DTC is:


·
a limited-purpose trust company organized under the New York Banking Law;


·
a "banking organization" under the New York Banking Law;


·
a member of the Federal Reserve System;


·
a "clearing corporation" under the New York Uniform Commercial Code; and


·
a "clearing agency" registered under Section 17A of the U.S. Securities Exchange Act of 1934.
DTC was created to hold securities for its participants and facilitate the clearance and settlement of securities
transactions between its participants. It does this through electronic book-entry changes in the accounts of its direct
participants, eliminating the need for physical movement of securities certificates. DTC is owned by a number of its direct
participants and by the New York Stock Exchange, Inc., the American Stock Exchange, Inc. and the National Association of
Securities Dealers, Inc.
DTC can act only on behalf of its direct participants, who in turn act on behalf of indirect participants and certain banks.
In addition, unless a global security is exchanged in whole or in part for a definitive security, it may not be physically
transferred, except as a whole among DTC, its nominees and their successors. Therefore, your ability to pledge a beneficial
interest in the global notes to persons that do not participate in the DTC system, and to take other actions, may be limited
because you will not possess a physical certificate that represents your interest.
Euroclear and Clearstream, Luxembourg. Like DTC, Euroclear and Clearstream, Luxembourg hold securities for their
participants and facilitate the clearance and settlement of securities transactions between their participants through electronic
book-entry changes in their accounts. Euroclear and Clearstream, Luxembourg provide various services to their participants,
including the safekeeping, administration, clearance and settlement and lending and borrowing of internationally traded
securities. Euroclear and Clearstream, Luxembourg participants are financial institutions such as underwriters, securities
brokers and dealers, banks, trust companies and other organizations. The underwriters for the notes may be a participant in
Euroclear or Clearstream, Luxembourg. Other banks, brokers, dealers and trust companies have indirect access to Euroclear
or Clearstream, Luxembourg by clearing through or maintaining a custodial relationship with a Euroclear or Clearstream,
Luxembourg participant.

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