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LONDON - Amundi Physical Metals plc has issued 244,500 new ETC (Exchange Traded Commodity) securities as part of its Amundi Physical Gold ETC series, according to a final terms document released Tuesday.
The new securities represent Tranche 757 of the company’s gold-backed ETC program. Following this issuance, the total number of ETC securities in the series will reach 64,722,759.
Each ETC security provides exposure to physical gold without requiring investors to take physical delivery of the metal. The securities have a metal entitlement of 0.03965498 fine troy ounces of gold per security as of the subscription trade date.
The ETC securities are scheduled to be admitted to trading on multiple European exchanges, including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. Application has also been made for listing on the International Quotation System of the Mexican Stock Exchange.
The total expense ratio for these securities is 0.12% per annum. The scheduled maturity date for the series is May 23, 2118, though early redemption options exist under certain conditions.
The gold backing the securities is held by HSBC Bank plc as custodian, primarily on an allocated basis in a segregated account. Authorised 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 information is based on the final terms document published by Amundi Physical Metals plc.
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