NewGold Issuer (RF) Limited announced the listing of an additional 500,000 NewGold Platinum Debentures, further enhancing the NewPlat ETF’s market presence. The debentures were issued today at an approximate price of R169.00 per additional unit, contributing to the growth of the platinum investment market.
The NewGold Platinum Debentures, with the JSE share code NGPLT and NSX share code NGNPLT, are traded on both the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX).
NewGold Platinum Debentures are structured as exchange-traded funds (ETFs) and are designed to track the performance of platinum prices. The debentures provide investors with a convenient and cost-effective avenue to gain exposure to the platinum market without the need for physical ownership of the metal.
This latest issuance of 500,000 debentures brings the total number of NewGold Platinum Debentures in circulation to 48,300,000, demonstrating the strong demand for platinum investments among both institutional and individual investors.
The NewPlat ETF has gained popularity due to its accessibility, liquidity, and potential for portfolio diversification. By allowing investors to participate in the performance of platinum, a key precious metal in various industries including automotive and jewelry, NewGold aims to meet the increasing demand for diversified investment options.
Absa Corporate and Investment Bank, a division of Absa Bank Limited, has been appointed as the JSE sponsor for the NewPlat ETF, facilitating the listing and compliance requirements. Cirrus Securities serves as the NSX sponsor for the NewPlat ETF on the Namibian Stock Exchange (NSX).
Platinum, a precious metal renowned for its scarcity and industrial applications, has attracted significant attention from investors seeking exposure to commodities. The NewPlat ETF provides a secure and efficient way for investors to participate in the platinum market’s potential upside, capitalizing on its long-term value.