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Lenders Ramp Up Sales of Riskier Bonds in European Green Market

  • BayernLB joins growing list of banks to issue green Tier 2
  • Green bank capital is “important part of the ESG puzzle”: BoA
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Photographer: Gerard JUlien/AFP/Getty Images

The explosion of green finance has reached the market for riskier bank debt.

German lender Bayerische Landesbank sold a bond on Wednesday that took this year’s supply of so-called green Tier 2 bonds to 4 billion euros ($4.8 billion), according to data compiled by Bloomberg. That compares to just 1.5 billion euros over the whole of last year.