Tesco is planning to raise £950m in the latest deal designed to release value from its property portfolio, reports suggest.

The supermarket is selling 30-year bonds backed by rents on 41 of its UK supermarkets, according to Moody’s Investors Service. HSBC and Goldman Sachs are thought to be overseeing the sale and leaseback deal.

The news comes after Tesco last September raised £565m from a similar batch of property-backed bonds issued.

Tesco refused to comment on reports of the latest transaction.

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Tesco in talks to sell portfolio (28 September 2009)
Tesco in £458m sale and leaseback property deal (19 June 2009)