LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 100,000 ETC Securities, identified as Tranche 641, under its Secured Precious Metal Linked ETC Securities Programme. This latest tranche, issued on January 7, 2025, contributes to the aggregate number of ETC Securities, which now total 52,934,759.
The ETC Securities are linked to the Amundi Physical Gold ETC, providing investors with exposure to gold price movements without the necessity of taking physical delivery of the metal. Each ETC Security corresponds to a Metal Entitlement, initially set at 0.04 fine troy ounces. This Metal Entitlement decreases daily by a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, which covers the operational fee of the issuer.
Investors should note that the ETC Securities do not pay periodic interest. The Scheduled Maturity Date for the ETC Securities is May 23, 2118, and upon maturity, investors will receive a Final Redemption Amount, which may include an interest redemption premium if the value of the Metal Entitlement per ETC Security exceeds the issue price at the Series Issue Date.
The ETC Securities, bearing ISIN: FR0013416716, are admitted to trading on several exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they have been admitted to the International Quotation System of the Mexican Stock Exchange.
The issue of the new tranche aligns with Amundi's strategy to offer investment alternatives that track the performance of gold, providing a similar experience to direct investment in the precious metal. The net proceeds from the issue of the ETC Securities will be allocated to the secured property, which is primarily the gold held in allocated accounts to fulfill the issuer's obligations under the ETC Securities.
This information is based on a press release statement.
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