Singapore legislation
Regulation 16
of Significant Infrastructure Government Loan Regulations 2021
Regulation 16
Issue by syndication must be expressly stated in public notice
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).