Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - Amundi Physical Metals plc announced Monday it will issue 67,000 ETC (Exchange Traded Commodity) securities as part of its Amundi Physical Gold ETC series. The securities, which will be Tranche 710 of the series, will bring the total number of ETC securities in the series to 59,130,859.
The gold-linked securities are scheduled to 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 ETC security provides investors with exposure to physical gold without requiring direct ownership of the metal. The securities have a metal entitlement of 0.03966842 fine troy ounces of gold per security as of the subscription trade date.
The securities carry a total expense ratio of 0.12% per annum and are scheduled to mature on May 23, 2118. They will be issued on June 24, 2025, according to the company’s final terms statement.
The announcement was made in accordance with regulatory requirements under the UK Prospectus Regulation. The information is based on a press release statement from Amundi Physical Metals.
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