T he European Bank for Reconstruction and Development (EBRD) has made a €50m investment in the €500m senior secured bond issuance by Bulgaria’s Eastern European Electric Company (EEEC).

EEEC’s EBITDA grew above budget to €144.6 million in the 12 months to March, compared to €86.9 million in the 2020 financial year, the last full year before Metric’s original investment ...