Singapore legislation
Regulation 6
of Government Securities (Debt Market and Investment) Regulations 2023
Regulation 6
Competitive and non-competitive applications for transferable Government securities or Treasury Bills
Subregulation 1
A person who intends to purchase transferable Government securities or Treasury Bills pursuant to a public notice may make an application to purchase those transferable Government securities or Treasury Bills on a competitive basis or on a non‑competitive basis in accordance with the terms of the issue of those transferable Government securities or Treasury Bills.
Subregulation 2
All applications pursuant to a public notice made on a competitive basis —
must be expressed as a bid yield not exceeding 2 decimal places;
must not be less than the minimum nominal amount of $1,000; and
must be made in multiples of $1,000.