LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Physical Gold ETC, expanding its existing offerings under the secured precious metal linked ETC securities program. The new tranche, numbered 630, will add 24,000 ETC Securities to the market, following the successful issue of previous tranches.
This latest issuance, scheduled for December 12, 2024, increases the aggregate number of ETC securities to 49,922,155. Each security in the new tranche is initially entitled to 0.04 fine troy ounces of gold, aligning with the company's commitment to provide exposure to physical gold prices.
The ETC securities are part of a program that allows investors to invest in gold without the need for physical delivery. This investment vehicle is designed to track the price of gold, offering an alternative to direct commodity investment. Upon maturity on May 23, 2118, investors will receive a cash amount corresponding to the gold price associated with their securities.
Amundi has structured the securities with a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, aiming to keep investment costs low. However, the value of these securities, like any market-linked investment, will fluctuate with the price of gold.
Applications for the new tranche have been made across several major exchanges, 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 incorporated in Ireland, with a focus on offering products linked to precious metals. The company operates under the regulatory framework of the UK Prospectus Regulation, which governs the offering and listing of securities.
This issuance provides investors with an additional avenue to gain exposure to gold prices and diversifies Amundi's product offerings in the precious metals space. The information is based on a press release statement from Amundi Physical Metals plc.
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