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LONDON - Amundi Physical Metals plc announced the issuance of 60,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, according to a statement released Monday.
The new securities represent Tranche 751 of the company’s gold-backed ETC program. Following this issuance, the total number of ETC securities in the series will reach 63,745,859.
Each ETC security is backed by physical gold held in allocated accounts, with an initial metal entitlement of 0.04 fine troy ounces per security at the series launch. The current metal entitlement stands at 0.03965655 fine troy ounces per security.
The securities will be admitted to trading on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. They will also be listed 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 designed to provide investors with exposure to gold prices without requiring physical delivery of the metal.
The securities will be available for subscription by authorized participants including HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
Based on the press release statement, the new tranche of securities will be issued on September 23, 2025, with application for listing and admission to trading already submitted to the relevant exchanges.
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