SGS bonds and T-bills allotment limits explained
In general, there are no limits to the number of competitive bids that can be submitted. The maximum allotments
Competitive Bids | Non-Competitive Bids | |
---|---|---|
Primary Dealer | 30% | 1% |
Non-Primary Dealer | 15% | S$2mil per bond application; S$1mil per T-bill application |
Total non-competitive allotments are subject to a limit of 40% of issue on offer, with pro-rated application if application exceeds this limit.