Singapore legislation
Regulation 6
of Significant Infrastructure Government Loan Regulations 2021
Regulation 6
Competitive and non-competitive applications
Subregulation 1
A person who intends to purchase SINGA securities pursuant to a public notice may make an application to purchase those SINGA securities on a competitive basis or on a non‑competitive basis in accordance with the terms of the issue of those securities.
Subregulation 2
All applications pursuant to a public notice made on a competitive basis —
(a)
must be expressed as a bid yield not exceeding 2 decimal places;
(b)
must not be less than the minimum nominal amount of $1,000; and
(c)
must be made in multiples of $1,000.