Tesco is to undertake a sale and leaseback deal to raise £950m, it is understood.
Tesco plans to sell a 30-year benchmark sterling bond backed by rents generated by a portfolio of 41 of its supermarkets, according to Reuters.
HSBC and Goldman Sachs are managing the deal.
The move comes less than a year after Tesco raised £565m from the sale of a similar batch of property-backed bonds in September. That sale followed a similar deal in June 2009, which raised £431m.
Tesco has used previous property deals to raise cash for further expansion.