Deutsche Bank Seeks to Buy $1 Billion in Green Bonds
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Deutsche Bank AG said it’s working to boost its investment in green bonds to 1 billion euros ($1.1 billion), joining competitors including Citigroup Inc. and Barclays Plc in tapping profit from the quickly growing market.
The Frankfurt-based institution has invested 200 million euros in green bonds and intends to expand that starting with purchases of a 10-year issue from the World Bank, according to a statement from Deutsche Bank on Friday. The funds are for the bank’s liquidity reserves.