Chescor Capital negotiates landmark $155m loan for Abdali Boulevard
International investment banking gro up Chescor Capital has concluded groundbreaking negotiations which saw a
syndicate led by Arab Bank extend a JD110m loan for Abdali Boulevard, the largest mixed use development in the
prestigious Abdali business district in Amman.
As exclusive financial advisors to Abdali Boulevard, Chescor Capital negotiated a 12-year loan following a competitive tender between
local and regional banks. The loan is secured on very attractive terms based on the rates for Certificate of Deposits issued by the
Central Bank of Jordan, and represents the largest syndicated loan extended to a private sector project by the Jordanian banking
sector. Read more