Chad hires Rothschild to advise on $1bn Glencore debt – sources

Chad has hired Rothschild & Co to advise it on restructuring its external debt, namely a more than $1-billion loan from oil trader Glencore, four sources familiar with the matter said. The International Monetary Fund has said the debt held by Chad, one of the world’s poorest nations that relies heavily on oil revenues, was unsustainable without restructuring the commercial, external portion.