The Toronto-Dominion Bank, which hadn’t structured a credit-card securitization in 13 years prior to 2016, is prepping its third multi-currency notes offering of the year secured by Canadian dollar-denominated card receivables.

The Evergreen Credit Card Trust 2016-3 is a revolving pool of domestic VISA and MasterCard credit-card accounts that were either originated or acquired by TD. The Canadian bank has built itself into the country’s largest card issuer through a series of Canadian-card portfolio buyouts in recent years.  

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