LONDON - Amundi Physical Metals plc has announced the issue of a new tranche of ETC Securities under its Secured Precious Metal Linked ETC Securities Programme. The issue consists of 346,500 securities, which are part of Tranche 645 of the Amundi Physical Gold ETC, with an initial metal entitlement of 0.03968891 fine troy ounces per security as of the subscription trade date.
The securities, linked to the price of physical gold, are designed to provide investors with exposure to the metal without the need to take physical delivery. The newly issued tranche increases the aggregate number of ETC Securities of the series to 53,763,959.00 following the issuance.
The Issue Date for the new tranche is set for Thursday, 16 January 2025, with the securities scheduled to mature on 23 May 2118. The total expense ratio for the ETC Securities is 0.12% per annum, and the nominal amount per security is USD 5.085.
Applications have been made for the ETC Securities to be admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
The issuer, Amundi Physical Metals plc, is a public company limited by shares and incorporated in Ireland. Its operations involve issuing ETC Securities linked to the price of gold, which are backed by physical gold held by HSBC Bank plc as the custodian.
This issuance is part of Amundi's ongoing efforts to provide investment products that allow exposure to the price movements of precious metals. The ETC Securities offer an alternative to direct investment in gold and are aimed at investors seeking to add gold exposure to their investment portfolios.
The information provided is based on a press release statement and is intended to give investors a factual report on the new issuance without any endorsement of the claims.
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