Qatar Telecom has asked banks for proposals about a $1 billion commercial paper programme, three sources said on Thursday, in what would be a rare example of a Middle Eastern entity using such an instrument.
Qtel, the former state monopoly in the Gulf Arab state, issued the proposal last month to explore options concerning a possible programme, which would be used to assist short-term liquidity management.
Talks are still exploratory in nature, said two of the sources, who declined to be named because the information is not public, and it could be a number of months before Qtel issues commercial paper if it decides to go ahead.
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