Crispr Therapeutics shares tumble after significant earnings miss
LONDON - Amundi Physical Metals plc has issued 542,000 new ETC (Exchange Traded Commodity) securities under its Physical Gold ETC program, according to a final terms document released Thursday.
The new securities represent Tranche 729 of the company’s gold-backed securities, bringing the total number of Amundi Physical Gold ETC securities in circulation to 62,770,359 following the issuance.
Each ETC security provides investors with exposure to physical gold without requiring them to take delivery of the metal. The securities have a metal entitlement of 0.0396632 fine troy ounces of gold per security as of the subscription trade date.
The newly issued securities will 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). Application has also been made for trading 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 secured by physical gold held in allocated accounts by custodian HSBC Bank plc.
The securities are being offered through authorized participants, including 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.
The estimated total net proceeds from this issuance amount to $71,034,032.20, according to the final terms document released by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.