Urbacon Data Centre Solutions is considering borrowing around $320 million in a deal backed by a newly constructed 18-megawatt data center in Toronto, according to people with knowledge of the matter.

The data center has a long-term contract with a AAA rated technology company, said the people, who asked not to be identified discussing private information. The anticipated repayment date on the debt is in five years, with final maturity in 2055, they added.

The deal, led by

Toronto-Dominion Bank

, includes senior notes that are expected to receive an A rating from Fitch Ratings, and are considered green bonds, according to the people. It could come to market as early as next week.

The appraised value of the facility backing the deal was $506 million as of March, according to one of the people. Urbacon’s remaining lease term with the tenant is 8.6 to 18.6 years, they said.

Representatives for TD Bank and Urbacon declined to comment.

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Earlier this month, Canadian data center operator eStruxture raised $750 million in an asset-backed security deal led by Guggenheim Securities.

Bloomberg.com