Credit Suisse Pays Out Investors in Second Frozen Greensill Fund

Feb. 2, 2023, 11:00 AM UTC

Credit Suisse Group AG has finished paying back investors of a second supply-chain finance fund that was shut nearly two years ago after the failure of financier Lex Greensill’s firm.

The Swiss lender will make a final repayment of around $9 million on Feb. 6 to investors of the Luxembourg domiciled Credit Suisse Supply Chain Finance Investment Grade Fund, the bank said in its monthly update on the liquidation of its Greensill-linked funds.

Almost all the investors of the fund have recouped all of their capital, given that many had signed on to the bank’s so-called “goodwill program” that gave ...

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