Cytonn eyes Sh5bn bond in Kiambu housing plans

Mr Shiv Arora, Cytonn's head of private equity real estate. file photo | nmg

Real estate-focused private equity fund Cytonn plans to float a Sh5 billion housing bond by year-end, partly to finance projects that should deliver more than 600 units to the market.

The PE firm is seeking a financial consultant to steer the listing of the proposed mid-term note and advise on the tenor, pricing and tax-exemption eligibility of the debt security to be listed on the Nairobi Securities Exchange.

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