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LONDON - Amundi Physical Metals plc announced on Thursday the issuance of 84,000 new ETC (Exchange Traded Commodity) securities under its Amundi Physical Gold ETC program. The securities, which represent Tranche 708 of the series, will bring the total number of outstanding securities to 59,043,859.
The new securities will maintain the same structure as previous tranches, with each security backed by physical gold held in allocated accounts. The metal entitlement per security as of the subscription trade date is 0.03966868 fine troy ounces of gold.
According to the company’s statement, the 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). They will also be available on the International Quotation System of the Mexican Stock Exchange.
The ETC securities carry a total expense ratio of 0.12% per annum and are scheduled to mature on May 23, 2118. They will be available 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 announcement was made based on a press release statement from the company.
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