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LONDON - Amundi Physical Metals plc announced the issuance of 850,500 ETC (Exchange Traded Commodity) securities as Tranche 737 of its Amundi Physical Gold ETC series. The new securities will be admitted to trading on multiple European exchanges, according to a statement released Thursday.
Following this issuance, the total number of ETC securities in the series will reach 63,108,859. The securities provide investors with exposure to physical gold without requiring them to take delivery of the metal.
Each ETC security in this tranche will have a metal entitlement of 0.03966137 fine troy ounces of gold as of the subscription trade date. The securities will be issued on August 15, 2025, with a scheduled maturity date of May 23, 2118.
The ETC securities have been admitted to trading on several regulated markets, including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange, and the International Quotation System of the Mexican Stock Exchange.
According to the company, the total expense ratio for the securities is 0.12% per annum. The nominal amount is $5.085 per security, with a specified interest amount of $0.051.
The securities are backed by physical gold held in allocated accounts by custodian HSBC Bank plc. Authorized participants for the series include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
The estimated total net proceeds of the issue amount to $113,487,913.35, based on information provided in the press release statement.
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