Case Study: 

Investors that applied for over $41,500 may not get a full allocation.

The Singapore Savings Bond (SSB) by the Monetary Authority of Singapore (MAS) was oversubscribed by 6,300 investors for $172m.

According to a press release, as a result of the oversubscription, some investors will not receive the full amount that they applied for.

The SSB allocation mechanism maximises the number of successful applicants, through the “quantity ceiling method.”

read more