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LONDON - Amundi Physical Metals plc announced the issuance of 316,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, representing Tranche 764 of the series.
Following this issuance on October 15, the total number of outstanding ETC securities in the series will reach 65,793,759, according to a statement based on the company’s press release. The securities have a metal entitlement of 0.03965342 fine troy ounces of gold per security as of the subscription trade date.
The ETC securities are scheduled to mature on May 23, 2118, and carry a total expense ratio of 0.12% per annum. They provide investors with exposure to physical gold without requiring direct ownership of the metal.
Application has been made for the securities to be admitted to trading on multiple regulated markets including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. The securities are also being admitted to the International Quotation System of the Mexican Stock Exchange.
The gold backing the securities is held by HSBC Bank plc as custodian, primarily on an allocated basis in a segregated account. Authorised participants for the securities include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
The ETC securities are secured, limited recourse obligations of the issuer with an ISIN code of FR0013416716.
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