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LONDON - Amundi Physical Metals plc announced on Wednesday the issuance of 825,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program, representing Tranche 723 of the series.
Following this issuance, the total number of ETC securities in the series will reach 61,246,359, according to the company’s final terms statement. The new securities are scheduled to be issued on July 17, 2025.
The Amundi Physical Gold ETC securities provide investors with exposure to gold prices without requiring physical delivery of the metal. Each security is backed by allocated physical gold held in custody by HSBC Bank plc.
The new securities will maintain the same characteristics as the existing series, with a current Metal Entitlement of 0.03966516 fine troy ounces of gold per security. The Total (EPA:TTEF) Expense Ratio for the ETC remains at 0.12% per annum.
Applications have been made for the 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), as well as the International Quotation System of the Mexican Stock Exchange.
The ETC securities have a scheduled maturity date of May 23, 2118, though they may be subject to early redemption under certain circumstances as outlined in the base prospectus.
The information is based on a press release statement issued by Amundi Physical Metals plc.
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