EBRD backs Sofia Airport's landmark bond issuance
Bulgaria, May 15 -- The European Bank for Reconstruction and Development (EBRD) is supporting Bulgaria's capital market development and the financial resilience of Sofia Airport by investing in the first bond issuance by SOF Connect AD, the operator of the airport.The Bank has subscribed for a total of €50 million across two senior notes issued by SOF Connect as part of a €450 million financing package, which comprise refinancing bonds, CAPEX bonds, and a CAPEX loan facility. This is a landmark transaction supporting both the sustainable development of the country's main airport and Bulgaria's long term economic ambitions.The Bank's investment in the refinancing bonds will help strengthen the airport's long-term financial struct...
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