Singapore legislation

Regulation 3

Methods of issue

Government securities or Treasury Bills may be issued —

(a)

in the case of transferable Government securities —

(i)

after conducting an auction in accordance with Division 2 of Part 3, and Part 6; or (ii)by syndication in accordance with Parts 4 and 6;

(b)

in the case of non-transferable Government securities — by a quantity ceiling method in accordance with Division 3 of Part 3, and Part 6; or

(c)

in the case of Treasury Bills — after conducting an auction in accordance with Division 2 of Part 3, and Part 6.