Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
LONDON - Amundi Physical Metals plc announced on Wednesday the issuance of 50,000 new ETC securities under its Secured Precious Metal Linked ETC Securities Programme, representing Tranche 707 of its Amundi Physical Gold ETC series.
Following this issuance, the total number of ETC securities in this series will reach 58,959,859. Each security has a metal entitlement of 0.03966881 fine troy ounces of gold as of the subscription trade date.
The securities, which are scheduled to mature on May 23, 2118, will be admitted to trading on multiple exchanges including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG).
The ETC securities carry a total expense ratio of 0.12% per annum and have a nominal amount of $5.085 per security, with a specified interest amount of $0.051.
These gold-backed securities are designed to provide investors with exposure to physical gold without requiring physical delivery of the metal. The gold is held in allocated accounts by HSBC Bank plc as custodian.
The information is based on the final terms document released by Amundi Physical Metals plc for this tranche of securities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.