We advised LHV Varahaldus AS on the financial transaction where Nordica expanded its fleet
State-owned Estonian flag carrier airline Nordica is expanding its fleet with yet another Bombardier CRJ900 jet, the purchase and leasing to Nordica of which was financed by state-owned fleet owner Transpordi Varahaldus OÜ (TVH) issuing €10 million worth of bonds purchased in equal shares by LHV pension funds and LHV Bank.
LHV pension funds manager Romet Enok noted that their investment in TVH bonds offers a higher yield than can be found elsewhere on the international market under current conditions.
The new aircraft has already been employed in serving flights for the Scandinavian carrier SAS.
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