London – Amundi Physical Metals plc has announced the issuance of a new class of its Exchange-Traded Commodities (ETC) securities, Amundi Physical Gold ETC, on Monday. The new tranche, Tranche 640, consists of 40,000 ETC securities, adding to the total number of ETC securities of the series, which is now 52,834,759.00 following this issue.
Securities, linked to the physical price of gold, give investors exposure to the precious metal. The initial right of metal from the date of issuance of the series was 0.04 fine troy ounces, which from the trading date of subscription of the corresponding section is 0.03969048 fine troy ounces. The new tranche’s release date is scheduled for January 6, 2025, and the scheduled maturity date is a little further out than May 23, 2118.
The issuer, Amundi Physical Metals plc, has set the total average cost of managing the ETC securities at 0.12% per annum. This amount is intended to cover all operational costs related to securities.
Amundi has applied for the ETC securities to be admitted to trading on several regulated markets, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and London Stock Exchange (LON:). Additionally, the securities are scheduled to be admitted to trading on the International Quote System of the Mexican Stock Exchange, subject to the exemption from private placement.
The ETC securities issued are secured, limited recourse obligations of the issuer, which means that investors only use the secured asset, primarily gold, and not in any other assets of the issuer. In the event of insolvency, the ETC’s securities will be equal among themselves.
This release follows the regulatory framework set by United The state (TADAWUL:) Financial Conduct Authority, with the Base Prospectus approved on May 3, 2024. The final terms of ETC securities are designed to provide investors with important information necessary to understand the nature and risk of the issuer and the securities.
Investors interested in Amundi Physical Gold ETC can gain exposure to gold price movements through the securities market, without the need to own physical gold. The information provided is based on a press release from Amundi Physical Metals plc.
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