Aviation & Shipping
February 10, 2022

The largest commercial investment into Estonian aviation

TRINITI advised the €25M bond issue by OÜ Transpordi Varahaldus (TVH), an Estonian government transport assetco, and the subsequent acquisition of two Bombardier CRJ900 NextGen regional jets and their long-term lease to the Estonian flag carrier Nordic Aviation Group (Nordica).

Estonian LHV pension funds subscribed for half of the €25M issue of debt instrument and LHV Bank subscribed for the rest. Four of the CRJ900-type aircraft owned by TVH were pledged as part of the loan security package.