London – Amundi Physical Metals Plc has announced the issuance of a new transse of brand -trade on the stock market (ETC), known as Amundi Physical Gold Etc, within its existing value of securities related to ETC associated with noble metals. On Monday, the company published the final conditions for issuing 28,400 etc securities, identified as a tranša 652.
This edition, scheduled for Monday, January 27, 2025, contributes to the total number of etc securities of the series, bringing a total number of 56,752,859.00 after issuance. Each etc value paper initially is entitled to 0.04 fine Troy ounces of gold, with the right to adjust over time.
ETC securities, which are associated with the price of gold, offer investors exposure to metal without the need for physical delivery. They are provided with gold held by HSBC Bank PLC, a guardian, in allocated accounts specifically specified for each series.
Amundi Physical Metals PLC has set the total cost ratio to manage securities to 0.12% per year. Securities are designed to be available to investors through various platforms, and the inclinations for including and included in trading are tolerated Euronext (EPA 🙂 Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, London stock market (Lon :), and an international Mexican Stock Exchange Quarter system.
Investors should keep in mind that value papers are subject to volatility of gold prices and market conditions. Moreover, securities are secured, restricted recourse obligations, which means that investors are entitled only to the assured property, not to any other property of the issuer. The scheduled date of maturity for securities is May 2, 2118.
Total net income from issuing are estimated at $ 3,093,132.04, and it is expected that ETC Securities will provide an alternative way for investors to become exposed to the movement of gold prices.
This financial move by Amundi Physical Metals PLC, based on a public statement, is part of the constant endeavor of the company to offer different investment options associated with noble metals.
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