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LONDON - iShares Physical Metals Plc announced on Tuesday the issuance of 36,000 securities of its iShares Physical Palladium ETC, representing Tranche Number 159 of the series. The securities were issued under the company’s Secured Precious Metal Linked Securities Programme.
According to the final terms dated November 5, 2025, the issue price per security is $41.83809, with a metal entitlement of 0.028597465 fine troy ounces of palladium per security. Following this issuance, the total number of securities in the series will increase from 1,885,607 to 1,921,607.
The securities have been admitted to trading on the London Stock Exchange. They may also be admitted to trading on the regulated markets of the Frankfurt Stock Exchange and Borsa Italiana in the future.
The palladium-linked securities are undated with no final maturity date and represent secured, limited recourse obligations of the issuer. Each security entitles holders to an amount of palladium that decreases daily at a rate equal to the total expense ratio of 0.20% per annum.
The securities are backed by physical palladium held in allocated form by the custodian, JPMorgan Chase Bank, N.A., London Branch. Authorized participants for the series include Susquehanna Ireland Limited, Credit Suisse Securities, Morgan Stanley, Virtu Financial Ireland, Jane Street Financial, and several other financial institutions.
The information was disclosed in a press release statement from iShares Physical Metals Plc.
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