Regulation 16
Issue by syndication must be expressly stated in public notice
of Significant Infrastructure Government Loan Regulations 2021
For any SINGA securities that are to be issued under a syndication method, the public notice relating to the issue of those SINGA securities must —
expressly specify that the issue is by syndication;
state the indicative amount of the issue, which may be expressed in the form of a range;
describe the procedure and timelines for making applications to purchase that issue of SINGA securities;
state when the amount and price of, and yield for, that issue of SINGA securities, are expected to be determined;
state whether the Government, or the MAS acting as agent of the Government, reserves the right to set the final issuance amount and allotment of that issue of SINGA securities;(f)specify the members of the syndicate for that issue, consisting either of primary dealers or other financial institutions or a combination of primary dealers and other financial institutions; and
where applicable, identify the lead manager or lead managers from among the syndicate mentioned in paragraph (f).