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Credit Suisse Makes $750 Million Greensill Investor Payment

  • Third Greensill payment brings total paid to $5.6 billion
  • Warns about complexity to collect money from borrowers
Greensill Capital Ltd. U.K. Offices
Photographer: Anthony Devlin/Bloomberg
Updated on

Credit Suisse Group AG said it’s making a further $750 million payment to investors in its supply-chain finance funds that invested in Greensill products, though warned there’s still uncertainty over how much will ultimately be recovered.

The payments will take the total paid to investors in the funds to $5.6 billion, according to a statement from the bank on Friday. The funds’ total cash position -- including the $4.8 billion already returned -- is now about $6.1 billion, or about 61% of assets under management when they were suspended, it said.