News
Credit Suisse Supply Chain Finance Funds: first payments of liquidation proceeds
March 9, 2021
We would like to inform you that yesterday a total of USD 2.6 bn was paid out to investors as the first instalment of proceeds from the liquidation of the three SCFFs domiciled in Luxembourg.
| Fund |
Amount distributed on March 8, 2021 |
| Credit Suisse (Lux) Supply Chain Finance Fund | approx. USD 2.2 bn |
| Credit Suisse Nova (Lux) Supply Chain Finance High Income Fund | approx. USD 260 mn |
| Credit Suisse Nova (Lux) Supply Chain Finance Investment Grade Fund | approx. USD 110 mn |
The first instalment of proceeds from the liquidation of the Liechtenstein-domiciled Credit Suisse Supply Chain Finance Investment Grade Fund, amounting to approx. USD 480 mn (approximately 96% of the available cash and cash equivalents), will commence today, with the value date March 10, 2021.
The remaining part of the liquidation proceeds will be paid out to investors as soon as practicable in one or more instalments until the investors receive the funds’ total net liquidation proceeds. Investors will receive notification of such payments.
For more information, please refer to the updated version of the Q&A below.
| Q&A | EN |