Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - Amundi Physical Metals plc announced it will issue 26,000 ETC (Exchange Traded Commodity) Securities under its Amundi Physical Gold ETC program, representing Tranche 713 of the series. According to the final terms dated June 25, 2025, the total number of ETC Securities in the series will reach 59,317,859 following this issuance.
The securities, which are backed by physical gold, have a metal entitlement of 0.03966777 fine troy ounces per security as of the subscription trade date. They will be issued on June 27, 2025, with a scheduled maturity date of May 23, 2118.
The ETC Securities carry a total expense ratio of 0.12% per annum and 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). Application has also been made for listing on the International Quotation System of the Mexican Stock Exchange.
Each security provides investors exposure to gold without requiring physical delivery of the metal. The gold backing the securities will be held by HSBC Bank plc as custodian, primarily on an allocated basis in a segregated account.
The announcement, based on a company press release, states that the net proceeds from this issuance will amount to approximately $3.42 million.
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