Amundi issues new tranche of Gold ETC securities

Published 21/01/2025, 03:36 am
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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, under its existing Secured Precious Metal Linked ETC Securities Programme. The new tranche, numbered 648, consists of 950,000 ETC Securities and follows the previous issuance, bringing the total number of ETC Securities in circulation to 55,212,559.

The ETC Securities are linked to the price of gold and are designed to offer investors exposure to gold prices without the need to take physical delivery of the metal. Each ETC Security, as of the subscription trade date, is entitled to a metal entitlement of 0.03968852 fine troy ounces. The issue date for this tranche is set for Tuesday, January 21, 2025.

The ETC Securities have been 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 has also stated that applications may be made for the ETC Securities to be listed on additional stock exchanges and admitted to trading on additional markets from time to time.

The total net proceeds of the issue are estimated at USD 102,374,185.00, with the total expenses related to the admission to trading for the relevant tranche amounting to approximately €3,000. The ETC Securities carry a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, and they have a scheduled maturity date of May 23, 2118.

Investors interested in the Amundi Physical Gold ETC will gain exposure to the gold price as outlined in the "Investing in the ETC Securities to gain exposure to gold price" section of the current base prospectus. It's important to note that the value of the ETC Securities can fluctuate based on the price of gold, and the investment does not equate to direct ownership of the physical metal.

This issuance is part of Amundi's ongoing efforts to provide investment vehicles tied to precious metals, and the information provided here is based on a press release statement from the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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