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LONDON - iShares Physical Metals Plc announced on Monday the issuance of 853,000 Securities of iShares Physical Gold ETC, representing Tranche Number 2366 of the series. The securities will be issued on November 4, 2025, under the company's Secured Precious Metal Linked Securities Programme.
The new issuance will increase the total number of securities in the series from 393,543,741 to 394,396,741. The issue price is set at $77.88 per security with a metal entitlement of 0.019414729 fine troy ounces of gold per security.
The securities have been admitted to trading on the London Stock Exchange and the Frankfurt Stock Exchange. Each security is backed by physical gold held in allocated form by the custodian, JPMorgan Chase Bank, N.A., London Branch.
The gold-backed securities carry a total expense ratio of 0.12% per annum, which is applied to the metal entitlement on a daily basis. The securities are undated with no final maturity date, offering investors long-term exposure to gold without having to take physical delivery of the metal.
iShares Physical Gold ETC securities trade under the ISIN code IE00B4ND3602. According to the final terms document, the maximum issue size for the series will not exceed 300 billion units.
The information is based on a press release statement from iShares Physical Metals Plc.
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