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The EU is currently working on a carbon certification scheme, which would help credit carbon removals, but one of the key challenges is how to make sure that the CO2 that is captured isn't released back into the atmosphere. (Bloomberg) -- Greece's wildfires are burning through the country's natural carbon sinks in the latest sign of how heat waves have the potential to undermine a key climate change solution. [Extracted from the article]

(Bloomberg) -- Greece's wildfires are burning through the country's natural carbon sinks in the latest sign of how heat waves have the potential to undermine a key climate change solution. The EU is currently working on a carbon certification scheme, which would help credit carbon removals, but one of the key challenges is how to make sure that the CO2 that is captured isn't released back into the atmosphere. [Extracted from the article]

(Bloomberg) -- Greece will put forward a plan to overhaul the European Union's electricity grids in order to lay the foundations for a massive rollout of renewable power. "It is imperative to redouble our efforts to expand and strengthen Europe's electricity grid", according to the document. [Extracted from the article]

"It is imperative to redouble our efforts to expand and strengthen Europe's electricity grid", according to the document. (Bloomberg) -- Greece will put forward a plan to overhaul the European Union's electricity grids in order to lay the foundations for a massive rollout of renewable power. [Extracted from the article]

(Bloomberg) -- Europeans will pay an additional 350billion euros ($395 billion) in energy bills next year asglobal demand for fuel and power threatens to keep priceselevated, according to Greece's energy minister. European gas futures have surgedsome 600% this year, while German year-ahead power andthe French equivalent both rose to record highs Monday. [Extracted from the article]

Speculation that the ECB will prolong emergency asset purchases have emboldened investors to boost exposure to Europe's riskier sovereign periphery in the past month-and-a-half. (Bloomberg) -- Greece received its strongest-ever demand for a bond sale and cemented its place as one of Europe's most sought-after borrowers. [Extracted from the article]

(Bloomberg) -- Greece matched its strongest demand for a bond sale and cemented its place as one of Europe's most sought-after borrowers. Speculation that the ECB will prolong emergency asset purchases have emboldened investors to boost exposure to Europe's riskier sovereign periphery in the past month-and-a-half. [Extracted from the article]

(Bloomberg) -- Greece attracted bumper demand in its first sale of 30-year bonds since 2008, completing the country's full return to debt markets. The demand, just shy of a record set earlier this year, allowed Greece to cut pricing by 10 basis points from initial guidance. [Extracted from the article]

"This Greek bond sale marks the nation's rehabilitation", said Alexandros Malamas, a trader at Piraeus Securities in Athens. (Bloomberg) -- Greece attracted bumper demand in its first sale of 30-year bonds since 2008, completing the country's full return to debt markets. [Extracted from the article]

"This Greek bond sale marks the nation's rehabilitation", said Alexandros Malamas, a trader at Piraeus Securities in Athens. (Bloomberg) -- Greece is issuing its longest-maturity bonds since 2008, completing the country's full return to debt markets. [Extracted from the article]

(Bloomberg) -- Greece is issuing its longest-maturity bonds since 2008, completing the country's full return to debt markets. For Mediolanum fund manager Charles Diebel, the sale means Greece is now "back in the game.". [Extracted from the article]

For Mediolanum fund manager Charles Diebel, the sale means Greece is now "back in the game." (Bloomberg) -- Greece is set to issue its longest-maturity bonds since 2008, completing the country's full return to debt markets. [Extracted from the article]

(Bloomberg) -- When the bonds of Europe's peripheral countries lead a selloff, it's not normally a good sign. "Though the ECB has increased its pace of purchases, rates continue to edge higher", said Pooja Kumra, senior European rates strategist at Toronto-Dominion Bank. [Extracted from the article]

(Bloomberg) -- When the bonds of Europe's peripheral countries lead a selloff, it's not normally a good sign. "Even though ECB has increased its pace of purchases, rates continue to edge higher", said Pooja Kumra, senior European rates strategist at Toronto-Dominion Bank. [Extracted from the article]

The article reports that Italy offers some of the frothiest yields in the euro area, but the window for traders to get served may be closing. Topics include ten-year bonds are heading for the biggest weekly gain in over a year, despite dropping for the first time in seven days, and Italian securities are catching up to a rally among their peers in Europe, having lagged behind Greece and Spain in the first half of the year.

"Italy's debt is less sustainable than that of Greece", said Simona Gambarini, an economist at Capital Economics. Capital Economics forecasts that Greece's will yield 25 basis points less than Italy by year-end. [Extracted from the article]

Country has mandated six banks for the sale of 10-year debt Greece is selling debt for the second time this year, taking advantage of lower borrowing costs after an upgrade from Moody's Investors Service. Greece last sold similar maturity debt in November 2017 as part of a bond exchange and before that syndicated 10-year bonds in 2010. [Extracted from the article]

Traditional sovereign-bond buyers are returning to Greece. "We think it is highly likely Greece will be excluded from benchmarks and will not have a "natural" buyer base", said Kaspar Hense, a portfolio manager at BlueBay Asset Management. [Extracted from the article]

Hellenic Telecommunications, whose biggest shareholder is Deutsche Telekom AG with a 45 percent stake, cut the yield at its debt sale to a range between 2.5 percent and 2.625 percent from an initial target of about 2.75 percent -- a sign of buoyant demand. Greece's debt as a proportion of its gross domestic product remains the highest in Europe at 180 percent, while its unemployment rate is at 20 percent. [Extracted from the article]

If Portugal was the star of European government debt markets in 2017, Greece could be this year's, according to Algebris Investments. AttributionAnil Varma: editor primaryScott Hamilton: editor secondaryJohn Ainger: by reporterVen Ram: editor responsible. [Extracted from the article]