1nvest ETF, has unveiled its plans to list additional 1nvestRhodium debentures, marked by the share code ETFRHO and ISIN code ZAE000210787. The decision follows substantial subscriptions amounting to approximately 73.971 fine troy ounces of Rhodium.
Effective immediately, 1nvest ETF has issued an extra 7,900 1nvestRhodium debentures at an approximate issue price of R754.6660 per debenture. This move brings the total number of 1nvestRhodium debentures in circulation to 230,405, which now represents around 2,178.122 fine troy ounces of Rhodium.
Rhodium, a precious metal in high demand for industrial purposes such as automotive catalytic converters, has garnered significant attention in recent years due to its limited supply and remarkable price appreciation.
The issuance of additional debentures by 1nvest ETF aims to cater to the growing demand for Rhodium exposure among investors. These debentures offer individuals an opportunity to indirectly participate in the performance of Rhodium without owning the physical metal.