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LONDON - Amundi Physical Metals plc announced it will issue 166,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program. The securities, which will be the 706th tranche of the series, are scheduled for issue on June 18, 2025.
The new issuance will bring the total number of outstanding securities in the series to 60,839,859. Each security is backed by physical gold, with a current metal entitlement of 0.03966894 fine troy ounces per security.
The ETC securities are designed to provide investors with exposure to gold prices without requiring physical delivery of the metal. They carry a total expense ratio of 0.12% per annum.
Applications have been made to list the securities on multiple European exchanges including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG).
The securities have a scheduled maturity date of May 23, 2118, with early redemption provisions under specific circumstances. According to the press release statement, the securities are secured, limited recourse obligations of the issuer.
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