In September,Cytonn Investments was in the market to raise Ksh 1.4 Billion from local and foreign investors through a private placement to fund its real estate projects.
The debt instrument was part of the Ks 1.4 billion Cytonn had raised in September from local and foreign investors via a private placement to fund its real estate projects.
The note was structured at a market rate cost of funds of 18 per cent plus participation in the capital appreciation achieved during the period the note was outstanding, bringing the total annualised return earned by PE Firm to 54 per cent.
“TTA has financed over Sh2 billion of Cytonn projects and we are very glad to have demonstrated to them our capabilities in structured financing and commitment to our financiers by starting to return some of that capital in less than a year.”
Cytonn chief investment officer Elizabeth Nkukuu said in a statement.
