Credit Suisse pays back $400M to investors in insolvent supply chain finance funds linked to Greensill

On Monday, in a statement Credit Suisse said, it is set to pay back another $400 million tranche to investors in insolvent supply chain finance funds linked to Greensill.

“The fifth payment of proceeds from the recovery of assets underlying the Credit Suisse (Lux) Supply Chain Finance Fund and Credit Suisse Nova (Lux) Supply Chain Finance High Income Fund is expected to be distributed to investors in those funds in the week of September 27,” said the bank’s asset management arm on its website.

It went on to add, “Approximately $0.4 bln is available for distribution which would bring the total amount returned to all investors to approximately $6.3 bln”.

Further liquidation proceeds will be paid out to investors as soon as practicable in one or more installments. 



Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: