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LONDON - Amundi Physical Metals plc announced on Monday the issuance of 87,000 ETC securities as part of Tranche 770 of its Amundi Physical Gold ETC program. The new securities will increase the total number of ETC securities in the series to 66,604,759.
The latest tranche, dated October 30, 2025, maintains the same structure as previous issuances under the company's Secured Precious Metal Linked ETC Securities Programme. Each security provides investors with exposure to physical gold without requiring direct ownership of the metal.
The Metal Entitlement for the new securities is 0.0396512 fine troy ounces of gold per security. This represents a reduction from the Initial Metal Entitlement of 0.04 fine troy ounces established when the series launched in May 2019, reflecting the ongoing Total Expense Ratio of 0.12% per annum.
The ETC securities are traded on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. They are also listed on the International Quotation System of the Mexican Stock Exchange.
Authorized participants for the program include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
The securities have a scheduled maturity date of May 23, 2118, and are backed by physical gold held in allocated accounts. The nominal amount per security is $5.085 with a specified interest amount of $0.051.
According to the company's statement, the net proceeds from the issuance are estimated at $13,778,433.60, with listing expenses of approximately €3,000.
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