Kylla is to issue 500 notes of €100,000 as part of our drive to solidify our presence in the soaring European real estate market.
The three-year notes, totalling €50 million and with a first tranche of €25 million, are secured by €75 million in first-mortgage real estate assets and can be converted to equity in the underlying company.
Through the bond, Kylla will lend the funds raised to an experienced developer. The developer plans to build residential real estate projects and diversify from its domestic market. Part of the fund will also be used to restructure bank loans at a discount that enables high-yield performance.
Investment manager Shivam Agarwal, of Kylla’s Amsterdam office, led the team who structured the note. “The note offers our limited partners a high-yield investment, secured by strong assets and an option of benefiting from an upside potential,” Shivam said.
Kylla’s track record in private equity and real estate investments goes back over 17 years. With Europe as our domestic market, we have grown our international reach.
