SAN FRANCISCO — In the latest step of a years-long debt-restructuring program, San Francisco International Airport this week plans to issue about $469 million of refunding bonds in two issues, a $169 million variable-rate portion and a $300 million fixed-rate piece.

Earlier this decade, shortly after it opened a palatial new international terminal, SFO took a financial hit from traffic declines following the 2001 terrorist attacks and the SARS epidemic in Asia.

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