Johannesburg, South Africa, 8 May 2018: The Krugerrand (1oz) gold bond which is tradable on the stock exchange and physically covered by the Krugerrand gold coin with a fine gold content of at least 916,66/1000 securitises the right to delivery of the coins to 100 per cent. This is ensured by BayernLB Nuremberg and guaranteed to investors.
In comparison to other listed gold products, investors invest in actual 1 oz bullion coins which can, upon request, be delivered to them at any time – something which occurs automatically upon final maturity after 10 years. From a legal viewpoint, the Krugerrand bond (ISIN / WKN: DE000A2F6KP1 / A2F6KP) is a bearer bond which is traded as a security on the stock exchange (unofficial market of the Stuttgart Exchange) during the entire period.
Hereby BayernLB, which is responsible for the storage of the coins, assumes the packaging and dispatch to the investor. The forms which must be completed and detailed information is available on the „Information leaflet on the transport of the Krugerrand gold coins“ which is available on the website of the issuer, the Gesellschaft zur Verbriefung von Lieferansprüchen auf Edelmetalle mbH (G.V.L.E.).
With regard to the coffered stock of Krugerrand gold coins, BayernLB has finalised an insurance policy which insures the stock values to their full value against any losses resulting from particular risks. The transport of the coins to the investors is also insured.
Further information is available on www.kruegerrand-anleihe.de (German).
Rand Refinery together with the South African Mint manufactures the bullion coin in South Africa. To date, Rand Refinery has processed nearly 50,000 tons of gold, which corresponds to about one-third of all the gold ever mined in the world. Rand Refinery was founded in Germiston, South Africa in 1920 by the Chamber of Mines, in order to process the raw gold that was being mined in the mines around Johannesburg and to market it throughout the world. The company processes almost all the gold mined in South Africa, as well as a considerable portion of the precious metal that is mined on the African continent. In addition to the Krugerrand, that world-famous gold coin, the company also sells gold bars weighing from one gram up to one kilogram. The most famous bars in Europe are the „elephant bars“, which are pure gold ingots with an elephant motif on the reverse side. Rand Refinery is a member of the London bullion market (London Bullion Market Association). In addition to gold trading in London, the company is also listed on the New York Commodities Exchange (COMEX), the Tokyo Commodities Exchange (TOCOM) and the Dubai Good Delivery Multi Commodities Centre (DMCC) with „Good Delivery Status“.
Company-Contact
Rand Refinery
Richard Collocott
Refinery Road 1
1400 Germiston
Phone: + 27 (0)11 418 9000
Fax: + 27 (0)11 418 9231
E-Mail: gold@gold.co.za
Url: http://www.randrefinery.com
Press
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Phone: +49 (0) 6172/ 27159 – 0
Fax: +49 (0) 6172/ 27159 – 69
E-Mail: t.pummer@financial-relations.de
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