U.S. Markets close in 2 hrs 4 mins
  • S&P 500

    4,543.85
    -5.93 (-0.13%)
     
  • Dow 30

    35,686.96
    +83.88 (+0.24%)
     
  • Nasdaq

    15,084.48
    -131.22 (-0.86%)
     
  • Russell 2000

    2,288.92
    -7.26 (-0.32%)
     
  • Gold

    1,794.10
    +12.20 (+0.68%)
     
  • EUR/USD

    1.1633
    +0.0003 (+0.0233%)
     
  • 10-Yr Bond

    1.6570
    -0.0190 (-1.13%)
     
  • Vix

    15.54
    +0.53 (+3.53%)
     
  • GBP/USD

    1.3746
    -0.0050 (-0.3601%)
     
  • USD/JPY

    113.4690
    -0.5190 (-0.4553%)
     
  • BTC-USD

    60,649.54
    -1,943.28 (-3.10%)
     
  • CMC Crypto 200

    1,446.11
    -56.92 (-3.79%)
     
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • Nikkei 225

    28,804.85
    +96.27 (+0.34%)
     

Investors set to get another $400 million from Credit Suisse supply chain funds

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in Bern
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

ZURICH (Reuters) - Credit Suisse is set to pay back another $400 million this week to investors in insolvent supply chain finance funds linked to Greensill, the Swiss bank said on Monday.

"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," its asset management arm said on its website.

"Approximately $0.4 bln is available for distribution which would bring the total amount returned to all investors to approximately $6.3 bln," it added, saying further liquidation proceeds will be paid out to investors as soon as practicable in one or more installments.

(Reporting by Michael Shields, editing by Louise Heavens)