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LONDON - Amundi Physical Metals plc announced on Monday the issuance of 304,000 exchange-traded certificates (ETCs) as part of its Amundi Physical Gold ETC series. The new securities represent Tranche 740 of the company’s gold-backed product line.
Following this issuance, the total number of Amundi Physical Gold ETCs in circulation will reach 63,384,859, according to the company’s final terms document dated August 22.
The newly issued ETCs will have a metal entitlement of 0.0396602 fine troy ounces of gold per certificate. The securities are scheduled to begin trading on August 27 and carry a scheduled maturity date of May 23, 2118.
Amundi’s gold ETCs are listed on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. The securities are also admitted to trading on the International Quotation System of the Mexican Stock Exchange.
The company maintains a total expense ratio of 0.12% per annum for this product series. HSBC Bank plc serves as custodian for the physical gold backing the securities.
Authorised participants for the ETCs include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
The ETCs are designed to provide investors exposure to gold price movements without requiring physical delivery of the metal. Each certificate is backed by allocated physical gold held in custody.
This information is based on a press release statement from Amundi Physical Metals plc.
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