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LONDON - Amundi Physical Metals plc has issued 253,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, according to a final terms document released Friday.
The new securities represent Tranche 746 of the company’s gold-backed product series. Following this issuance, the total number of outstanding Amundi Physical Gold ETC securities will reach 65,043,859.
Each ETC security provides investors with exposure to physical gold without requiring them to take delivery of the metal. The securities have a metal entitlement of 0.0396585 fine troy ounces of gold per security as of the subscription trade date.
The new securities are scheduled to be issued on September 8, 2025, and will be admitted to trading on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. They have also been approved for trading on the International Quotation System of the Mexican Stock Exchange.
The ETC securities carry a total expense ratio of 0.12% per annum and have a scheduled maturity date of May 23, 2118. They are secured by physical gold held in allocated accounts by custodian HSBC Bank plc.
The issuance is estimated to raise approximately $35.58 million in net proceeds, according to the final terms document released by the company.
Amundi Physical Gold ETC securities are designed to track the performance of gold prices while providing investors with an alternative to direct investment in the precious metal through securities markets.
The information in this article is based on a press release statement from Amundi Physical Metals plc.
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