1nvest ETF Issuer (RF) Limited has announced the successful issuance of an additional 100,000 1nvestPlatinum debentures. The move comes as a response to significant subscriptions amounting to approximately 968.702 fine troy ounces of Platinum Bullion.
The additional debentures were offered at an approximate issue price of R164.8519 per debenture, allowing investors to gain exposure to the potential returns of platinum without the need for direct physical ownership. This latest development brings the total number of 1nvestPlatinum debentures in circulation to an impressive 30,517,000, with an estimated reference to 295,746.503 fine troy ounces of Platinum Bullion.
Platinum, known for its versatile applications across industries such as automotive, jewelry, and electronics, has attracted significant attention from investors due to its industrial and investment value. The increased interest in platinum investments has prompted 1nvest ETF to offer additional debentures, enabling investors to diversify their portfolios and potentially benefit from the performance of the platinum market.
The 1nvestPlatinum debentures are listed on the stock exchange under the share codes ETFPLT and ENXPLT(NSX), providing investors with liquidity and accessibility to buy or sell the debentures on the secondary market. This listing ensures that investors can easily participate in the potential returns of platinum as market conditions evolve.