Amundi Physical Metals plc Announces Issuance of ETC Securities

Amundi Physical Metals plc revealed the final terms for the issuance of its Exchange-Traded Commodities (ETC) Securities under its Secured Precious Metal Linked ETC Securities Programme. The announcement, made on April 9, 2024, details the issuance of 30,000 securities, representing Tranche 535 of the Amundi Physical Gold ETC. This move indicates Amundi’s ongoing efforts to provide investors with opportunities to invest in physical gold.

The securities, each with an initial metal entitlement of 0.04 fine troy ounces, have been issued with the view of offering investors exposure to the price of gold. The release highlights the scheduled maturity date of May 23, 2118, and points out the low total expense ratio of 0.12% per annum. Applications for the ETC Securities to be admitted to trading have been made across major exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange, broadening the reach of these investment instruments.

The document also named key authorised participants in the programme, such as HSBC Bank plc, Jane Street Financial Limited, and others, highlighting the robust backing the issuance enjoys. Additionally, it outlined the rationale behind the offer, focusing on providing investors an avenue to gain exposure to gold prices through a secured mechanism.