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LONDON - Amundi Physical Metals plc announced the issuance of 197,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, representing Tranche 719 of the series.
Following this issuance scheduled for July 11, the total number of Amundi Physical Gold ETC securities will reach 59,893,859, according to a statement released by the company on Thursday.
The gold-backed securities, which trade under the ticker GLDA with ISIN code FR0013416716, provide investors with exposure to physical gold without requiring them to take physical delivery of the metal.
Each ETC security is backed by a specific amount of gold, with the current Metal Entitlement standing at 0.03966594 fine troy ounces per security. The company maintains a Total (EPA:TTEF) Expense Ratio of 0.12% per annum.
The securities are currently listed on multiple exchanges including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
Amundi Physical Gold ETC securities have a scheduled maturity date of May 23, 2118, though they can be redeemed earlier under certain conditions outlined in the company’s base prospectus.
The securities are secured, limited recourse obligations of the issuer, with the gold held by HSBC Bank plc as custodian, generally on an allocated basis.
This information is based on the final terms document released by Amundi Physical Metals plc.
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