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LONDON - iShares Physical Metals Plc announced Friday the issuance of 14,000 additional securities of its iShares Physical Gold EUR Hedged ETC, representing Tranche 123 of the series. According to the final terms document, the securities will be issued on November 17, 2025.
The additional securities will increase the total number of securities in the series from 3,766,669 to 3,780,669. Each security has a metal entitlement of 0.020602737 fine troy ounces of gold and was priced at €74.374588.
The gold-backed securities are designed to provide investors with exposure to physical gold without requiring physical delivery of the metal, while also reducing exposure to exchange rate fluctuations between the euro and the U.S. dollar through currency hedging.
The securities carry a total expense ratio of 0.25% per annum, which is applied daily to determine the amount of gold deducted from the metal entitlement.
The securities are secured, limited recourse obligations of the issuer, with the underlying gold held in allocated form by custodians on behalf of the company. They are currently listed on the Xetra market of the Frankfurt Stock Exchange.
iShares Physical Metals Plc noted in the press release that the securities are part of its Secured Precious Metal Linked Securities Programme. The company stated that the securities may be offered by authorized participants in various European countries including Austria, Denmark, Finland, France, Germany, Luxembourg, the Netherlands, Norway, Spain, and Sweden.
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