01:59 PM EDT, 09/12/2024 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) is looking at a potential credit-linked note offering to raise about $300 million, Bloomberg reported Thursday, citing people familiar with the matter.

The bank is gauging investors' interest in a debt issue, as it seeks to offload some of the risk from a portfolio of corporate loans of about $3 billion, the report said.

The size of the offer and other terms can change during the deal's marketing process, the report said.

A TD representative declined Bloomberg's request for comment.

The bank did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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