Citi Digs Deeper Into Securitization to Pump Up Green Deals (2)

Citigroup Inc. is planning to expand its use of securitizations as part of the Wall Street bank’s strategy to scale up its climate finance business.

Securitization — the pooling and repackaging of loans into new financial securities — represents a “new and different and exciting” approach to financing green projects that might otherwise not make it onto investor radars, Marshal Salant, global head of clean energy finance at Citigroup, said in an interview.

“This is coming, and it’s expanding around the globe,” he said.

Securitization is increasingly being treated as an essential tool for scaling climate finance, and those ...