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Cytonn repays $2.1mln note

Cytonn Investments has repaid a KES 220 million or approximately $2.1 million structured real estate loan provided by Taaleritehdas Private Equity, an arm of a Finnish Wealth Management company. The note had been structured at the market rate cost of funds of 18% plus participation in the capital appreciation achieved during the period of the note, delivering the Helsinki-headquartered investor an annualized return of 54%.


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