LONDON – Amundi Physical Metals plc has announced the issuance of a new tranche 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 aggregate number of ETC securities of the series, which now totals 52,834,759.00 following this issue.
The securities, linked to the price of physical gold, provide investors with exposure to the precious metal. The initial metal entitlement as at the series issue date was 0.04 fine troy ounces, which as of the subscription trade date for the relevant tranche is 0.03969048 fine troy ounces. The issue date for the new tranche is set for January 6, 2025, with the scheduled maturity date far ahead on May 23, 2118.
The issuer, Amundi Physical Metals plc, has set the total expense ratio for managing the ETC securities at 0.12% per annum. This fee is intended to cover all operational costs associated with the securities.
Amundi has made applications for the ETC securities to be admitted to trading on several regulated markets, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:). Additionally, the securities are set to be admitted to trading on the International Quotation System of the Mexican Stock Exchange, under private placement exemptions.
The ETC securities issued are secured, limited recourse obligations of the issuer, meaning that investors have recourse only to the secured property, primarily gold, and not to any other assets of the issuer. In the event of insolvency, the ETC securities would rank equally amongst themselves.
This issuance follows the regulatory framework set by the United Kingdom (TADAWUL:) Financial Conduct Authority, with the Base Prospectus approved on May 3, 2024. The final terms of the ETC securities are designed to provide investors with key information necessary to understand the nature and risks of the issuer and the securities.
Investors interested in the Amundi Physical Gold ETC can gain exposure to the gold price movement through the securities market, without the need to take physical delivery of the gold. The information provided is based on a press release statement from Amundi Physical Metals plc.
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