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LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 523,000 additional ETC Securities, which marks Tranche 686 under its Secured Precious Metal Linked ETC Securities Programme. This new tranche brings the total number of ETC Securities immediately following the issue to 60,749,859.
The ETC Securities, which are linked to the performance of physical gold, provide investors with exposure to the precious metal without the need to take physical delivery. Each ETC Security corresponds to a specific amount of gold, with an initial metal entitlement of 0.04 fine troy ounces at the series issue date on May 23, 2019.
The issue date for this tranche of ETC Securities is set for April 23, 2025, with a scheduled maturity date of May 23, 2118. The securities are designed to track the price of gold and are part of Amundi’s efforts to offer financial products that cater to investors’ needs for gold exposure.
Amundi Physical Metals plc has a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, which is deducted from the metal entitlement associated with the ETC Securities. The issuer’s obligations under the ETC Securities are secured by gold, which is held by HSBC Bank plc as the custodian.
Applications have been made for the ETC Securities to be admitted to trading on regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). The securities are also expected to be admitted to trading on the International Quotation System of the Mexican Stock Exchange.
The announcement, based on a press release statement, underscores Amundi’s commitment to providing investors with various options to gain exposure to gold prices through the ETC Securities. This issuance is part of a broader strategy to serve the growing demand for precious metal-linked investment vehicles.
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