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LONDON - Amundi Physical Metals plc announced the issuance of 70,000 new ETC securities under its Amundi Physical Gold ETC program, representing Tranche 758 of the series.
The new securities, issued on October 6, will bring the total number of outstanding ETC securities in this series to 64,487,759, according to a statement released Tuesday. Each security has a metal entitlement of 0.03965485 fine troy ounces of gold.
The ETC securities are backed by physical gold held in allocated accounts, providing investors with exposure to gold prices without requiring physical delivery of the metal. The securities carry a total expense ratio of 0.12% per annum.
Amundi’s gold-backed securities are currently listed on multiple exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange, and the International Quotation System of the Mexican Stock Exchange.
The securities have a scheduled maturity date of May 23, 2118, though they may be redeemed earlier under certain conditions. The nominal amount per security is $5.085, with a specified interest amount of $0.051.
Authorised participants for the ETC 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 issuance is part of Amundi’s Secured Precious Metal Linked ETC Securities Programme, which allows investors to gain exposure to gold price movements through securities markets as an alternative to direct gold investment.
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