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LONDON - Amundi Physical Metals plc announced on Tuesday the issuance of 42,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, representing Tranche 738 of the series.
Following this issuance, the total number of Amundi Physical Gold ETC securities outstanding will increase to 63,030,859, according to the company’s final terms document dated August 18.
The newly issued securities will have a metal entitlement of 0.03966072 fine troy ounces of gold per security as of the subscription trade date. The securities are scheduled to be issued on August 20, with a maturity date of May 23, 2118.
The ETC securities are backed by physical gold held in allocated accounts and designed to track the price of gold without investors needing to take physical delivery of the metal. The company maintains a total expense ratio of 0.12% per annum for the securities.
Application has been made for the new securities to be admitted to trading on multiple European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). The securities are also approved for trading on the International Quotation System of the Mexican Stock Exchange.
The information was disclosed in a regulatory filing based on a press release statement from Amundi Physical Metals plc.
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