Amundi Physical Metals Issues 120,000 Gold ETC Securities in Latest Tranche
Amundi Physical Metals plc (GLDA) has announced the final terms for issuing 120,000 new exchange-traded commodities (ETC) securities. The new issuance is Tranche 922 of the Amundi Physical Gold ETC series, which is scheduled for issue on October 8, 2026.
This new tranche brings the total outstanding securities in the series to 79,382,859. The estimated net proceeds from this specific issue are valued at approximately $19.75 million. Each security represents an entitlement to 0.03960674 fine troy ounces of gold, down from the initial series level of 0.04 ounces when the program launched in May 2019.
The gold-backed securities are set to mature on May 23, 2118, and carry an annual total expense ratio of 0.12%. An application has been submitted to admit the new tranche to trading on the main market of the London Stock Exchange. The securities are already active on multiple European exchanges, including Euronext Paris, Euronext Amsterdam, Deutsche Boerse Xetra, and Borsa Italiana.
Key points
- Amundi Physical Metals plc is issuing 120,000 gold ETC securities as part of Tranche 922 of the program.
- The estimated net proceeds from this specific tranche are approximately $19.75 million.
- The total number of outstanding securities in the gold ETC series will rise to 79,382,859.
- Each security currently carries an entitlement to 0.03960674 fine troy ounces of gold.
- An application has been made to list the new securities on the London Stock Exchange.
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How we writeDisclaimerQuestions and answers
What is the issue date and size of the new Amundi Physical Gold ETC tranche?
The tranche consists of 120,000 securities with an expected issue date of October 8, 2026.
What is the gold entitlement for each security in this tranche?
Each security represents an entitlement to 0.03960674 fine troy ounces of gold.
Where will the new securities be traded?
Application has been made for admission to trading on the main market of the London Stock Exchange, joining other major European exchanges.