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LONDON - Xtrackers ETC plc has issued a new tranche of 85,000 physical gold-backed securities under its Secured Xtrackers ETC Precious Metal Linked Securities Programme, according to a regulatory filing published Thursday.
The new tranche, part of Series 2 Xtrackers IE Physical Gold ETC Securities due April 2080, brings the total number of securities in the series to 111,774,330. The securities have been priced at $61.06 per unit, with an estimated total net proceeds of $5.19 million.
Each ETC security represents ownership of 0.0153880481 fine troy ounces of gold, with the metal held in custody by JPMorgan Chase Bank. The securities are subject to a daily product fee of 0.11% per annum, which accrues through a reduction in the metal entitlement per security.
The gold-backed securities have been admitted to trading on the Frankfurt Stock Exchange, Borsa Italiana, and the London Stock Exchange. They are designed to provide investors with exposure to gold without requiring physical delivery of the metal.
The ETC securities are secured, limited recourse obligations of the issuer, with the underlying gold and the issuer’s rights under related agreements serving as collateral. The scheduled maturity date for the securities is April 23, 2080.
According to the filing, the securities have a ISIN code of DE000A2T0VU5 and a WKN code of A2T0VU.
This information is based on a press release statement from Xtrackers ETC plc.
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