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Article 12
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The TWSE shall complete the subscription and allotment in the following manner on the Tender Date:
- Where the number of bonds subscribed is lower than the number of bonds offered, all qualified subscription orders will be allotted the number of bonds subscribed; and
- Where the number of bonds subscribed exceeds the number of bonds offered, the units available for purchase shall be allotted at the ratio determined by lot drawing according to the random sequence generated by the computer. The remaining units, if any, will be allotted in the smaller unit for purchase according to the random sequence generated by the computer. Only one unit for purchase may be allotted to a subscription order. After completion of the above procedure, the results will be immediately reported to the securities firm, who will then forward the information to the subscriber.
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