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LONDON - Amundi Physical Metals plc announced on Tuesday the issuance of 44,000 ETC (Exchange Traded Commodity) Securities, representing Tranche 716 of its Amundi Physical Gold ETC series.
Following the issuance, the total number of ETC Securities in the series will reach 59,537,859, according to a statement based on the company’s press release. The new securities will have a metal entitlement of 0.03966685 fine troy ounces of gold per security.
The ETC Securities are scheduled to be listed and 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 admitted to the International Quotation System of the Mexican Stock Exchange.
The securities carry a total expense ratio of 0.12% per annum. Each ETC Security has a nominal amount of $5.085, representing 10% of the issue price at the series’ initial launch, with a specified interest amount of $0.051.
Amundi’s gold ETCs provide investors exposure to gold prices without requiring physical delivery of the metal. The securities are backed by physical gold held in allocated accounts by custodian HSBC Bank plc.
The scheduled maturity date for the series is May 23, 2118, though early redemption options exist under certain conditions. The ETC Securities trade under the ISIN code FR0013416716.
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