Deutsche Bank AG said it is working to boost its investment in green bonds to 1 billion euros ($1.1 billion), joining competitors such as 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 Feb. 20 statement from Deutsche Bank. The funds are for the bank’s liquidity reserves.
The decision adds to evidence that the green bond market is blooming after issuances of securities linked to climate ...
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