Softbank: Receivables to Green Sill revealed: $ 1.15 billion (125.3 billion yen)
SoftBank Group:
“The amount of debt to Greensil Capital is $ 1.15 billion (125.3 billion yen),” it was revealed in an interview with a person familiar with the situation.
Trustee Grant Thornton:
Materials released after the conference call on March 19th.
Creditors’ total claims amounted to over A $ 1.75 billion.
Next Creditors Meeting:
Scheduled for April 22nd.
“It will be an opportunity to show our intentions about the future of Green Sill.”
Green Sill First Creditors Rally:
It was held in Australia.
59 creditors attended Greensil’s first creditor rally.
The creditors’ rally ended in 55 minutes.
For this conference call
Besides the Deutsche Bankers Association
Australian securities authorities were also present.
Financial Venture Green Sill:
Last week, I filed for a reconstructive bankruptcy procedure in the UK.
Credit Suisse and
Softbank, etc.
The companies that supported Green Sill
“There was a move to question the loan provided by Greensil.”
We tried to call Softbank G, but didn’t get an answer.
Trustee Grant Thornton:
There was a “claim from 34 individual creditors to the trustee”.
“There will be additional charges in the future,” he said.
Bloomberg | Toyo Keizai Online
https://toyokeizai.net/articles/-/418056?display=b
SoftBank Seeks $1.2 Billion in Greensill Collapse
The creditors that have submitted claims exclude employees.
Their number may increase as further claims are made during the administration, the Grant Thornton statement said.
Another meeting is set for April 22 when creditors will have the opportunity to vote on Greensill’s future.
Greensill
filed for insolvency in the U.K. last week, after Credit Suisse froze the $10 billion group of funds that Greensill effectively ran.The Swiss bank, itself a creditor,
made the decision after a unit of insurer Tokio Marine Holdings Inc. refused to provide new coverage for some of the short-term financings Greensill packaged into securities and then sold on to the funds.Tokio Marine
is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most business with Greensill, Bloomberg reported.Copyright © BloombergQuint
https://www.bloombergquint.com/business/softbank-is-said-to-seek-1-2-billion-in-greensill-collapse