Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - Amundi Physical Metals plc announced on Friday the issuance of 56,000 new ETC securities of its Amundi Physical Gold ETC series, representing Tranche 714 of the program.
Following this issuance, the total number of Amundi Physical Gold ETC securities outstanding will increase to 59,373,859, according to the company’s final terms document.
The newly issued securities have a metal entitlement of 0.03966764 fine troy ounces of gold per security as of the subscription trade date. The securities will be issued on June 30, 2025, with a scheduled maturity date of May 23, 2118.
The ETC securities are listed on multiple European exchanges including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). They are also admitted to trading on the International Quotation System of the Mexican Stock Exchange.
Amundi’s gold-backed securities have a total expense ratio of 0.12% per annum. The nominal amount per security is $5.085, representing 10% of the issue price at the series’ initial launch, with a specified interest amount of $0.051.
The securities are backed by physical gold held in allocated accounts, offering investors exposure to gold prices without requiring physical delivery of the metal.
Authorized participants for the program include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas (OTC:BNPQY) Arbitrage SNC, and Virtu Financial (NYSE:VIRT) Ireland Limited.
This information is based on a press release statement from Amundi Physical Metals plc.
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