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Credit Suisse to repay further $0.75 bln to Greensill-linked fund investors

ZURICH, July 2 (Reuters) - Credit Suisse is paying out a further $750 million to investors in its Greensill-linked supply chain finance funds, its asset management arm told investors on Friday.

It has recovered some $6.1 billion of the $10 billion in funds backed by insolvent supply chain finance firm Greensill Capital, it said on Friday, a slight increase over the $5.9 billion through late May.

The new repayments, planned for the week of July 5, will bring the total it has paid out to investors in the liquidation proceeds to $5.6 billion.

“Further liquidation proceeds are expected to be paid out to investors as soon as practicable in future installments,” Credit Suisse said in the note. “Concrete timing on the next cash payouts cannot be provided at this moment.” (Reporting by Brenna Hughes Neghaiwi)

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