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DUBLIN - iShares Physical Metals Plc announced on Thursday the issuance of 109,000 securities of its iShares Physical Gold EUR Hedged ETC, representing Tranche Number 118 of the series under its Secured Precious Metal Linked Securities Programme.
The securities, with an issue price of €70.397109, will be available for trading on November 7, 2025. This latest tranche will increase the total number of securities in the series from 3,599,669 to 3,708,669.
Each security has a metal entitlement of 0.020385400 fine troy ounces of gold, with the entitlement reduced daily by the total expense ratio of 0.25% per annum.
The EUR-hedged gold ETC securities are currently listed on the Xetra market of the Frankfurt Stock Exchange, with the ISIN code IE0009JOT9U1. The securities are designed to provide investors with exposure to physical gold without having to take physical delivery, while also reducing exposure to exchange rate fluctuations between the euro and the U.S. dollar.
JPMorgan Chase Bank, N.A., London Branch serves as the metal counterparty for the securities, while State Street Bank and Trust Company, London Branch handles currency hedging trades.
The securities are secured, limited recourse obligations of the issuer that rank equally among themselves. According to the press release, the underlying metal is held in allocated form by or on behalf of the issuer through custodians and sub-custodians.
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