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

by Mike Robinson

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© Reuters. FILE PHOTO – The logo of Swiss bank Credit Suisse can be seen in a branch office located in Bern, Switzerland on October 28, 2020. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – Credit Suisse (SIX:) 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.

It stated that the fifth installment of the proceeds of the liquidation of assets under the Credit Suisse (Lux), Supply Chain Finance Fund, and Credit Suisse Nova(Lux) Supply Chain Finance High Income Fund will be made to those investors during the week of September 27.” The asset management arm of the bank posted the information on Monday.

The asset management arm stated on its website that $0.4 Bln was available for distribution, which would make the total amount returned by all investors at $6.3 Bln. It also said further liquidation proceeds would be distributed to investors in one or several installments as soon as possible.

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