LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of 30,000 ETC Securities, identified as Tranche 634 of Amundi Physical Gold ETC. This addition follows the series issue date of May 23, 2019, under the firm’s Secured Precious Metal Linked ETC Securities Programme.
The latest issuance brings the aggregate number of ETC Securities for the series to 51,282,155. Each security is linked to a specific weight in gold, offering investors exposure to the precious metal without the need for physical delivery. The initial metal entitlement per ETC Security at the series issue date was 0.04 fine troy ounces, which has now adjusted to 0.0396927.
The ETC Securities, with an ISIN of FR0013416716, are designed to provide a secure investment alternative, closely mirroring a direct investment in gold. The program allows for the issuance of ETC Securities to authorized participants, who can then offer them to retail and professional clients.
Amundi’s ETC Securities carry a Total (EPA:) Expense Ratio (TER) of 0.12% per annum, with a nominal amount of USD 5.085, representing 10% of the issue price at the series issue date. Additionally, a specified interest amount of USD 0.051, equating to 1% of the nominal amount, is outlined.
The ETC Securities are secured by a pledge over the rights of the issuer under the agreements related to the ETC Securities and the underlying gold. In the event of non-fulfillment of payment obligations, the securities offer limited recourse to this secured property.
Applications have been made for the ETC Securities to be admitted to Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and for trading on the regulated markets thereof, including the London Stock Exchange (LON:) and the International Quotation System of the Mexican Stock Exchange.
The issuer, Amundi Physical Metals plc, has emphasized its commitment to offering investors secure and cost-efficient access to the gold market through its ETC Securities.
This press release is based on a press release statement and aims to provide investors with key information regarding the new tranche of ETC Securities issued by Amundi Physical Metals plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
