Exclusive – Glencore offers Chad new plan to repay more than $1 billion loan

LONDON (Reuters) – Commodities trader Glencore has offered Chad a grace period from principal repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed.

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo

The central African nation is under pressure to restructure its Glencore debt for a second time after the International Monetary Fund said this year that Chad’s external commercial debt, mostly

To see the full content, share this page by clicking one of the buttons below

Click here to Read from the source

x

Check Also

UK's 15 billion pound RBS sale to boost government coffers

LONDON (Reuters) – Britain will reprivatise bailed-out lender Royal Bank of Scotland (RBS.L) by selling ...

Shares