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LONDON - Amundi Physical Metals plc has issued 25,000 new ETC (Exchange Traded Commodity) securities as part of its Physical Gold ETC program, according to a statement released Friday.
The new securities represent Tranche 781 of the Amundi Physical Gold ETC series, bringing the total number of securities in the series to 66,862,759. Each security provides investors with exposure to physical gold without requiring them to take physical delivery of the metal.
The ETC securities have been admitted to trading on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. They are also traded on the International Quotation System of the Mexican Stock Exchange.
The Metal Entitlement for each security in this tranche is 0.03964859 fine troy ounces of gold, with the securities scheduled to mature on May 23, 2118. The Total Expense Ratio for the ETC securities is 0.12% per annum.
Amundi’s gold-backed securities are designed to track the price of gold, with the physical metal held in allocated accounts by custodian HSBC Bank plc. The securities are secured, limited recourse obligations of the issuer.
According to the final terms document, the estimated total net proceeds from this issue amount to $4,090,692.50.
The ETC securities are available for subscription by Authorized Participants, who may then offer them to retail clients, professional clients, or other eligible counterparties, subject to certain selling restrictions outlined in the base prospectus.
This information is based on a press release statement from Amundi Physical Metals plc.
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