Details of LOBO loan borrowing and brokerage arrangements
Dear Avon and Somerset Constabulary,
For each of the Lender Option, Borrower option (LOBO) loans the Constabulary currently has on its books, and for any historical LOBO loans, please provide:
1) Loan principal?
2) Maturity date?
3) Trade date when the loan was signed?
4) Initial interest rate?
5) Current stepped-up interest rate and step-up date where applicable?
6) Any formula or structure determining the interest rate where applicable?
7) The first LOBO option call date?
8) The LOBO option call frequency?
9) Day count convention used for calculation of interest payments?
10) The original broker of the loan and fee paid?
11) Broker and fee paid for any subsequent restructuring?
12) The relevant bank or financial institution(s) which issued each LOBO loan?
13) The name of the Treasury Management Advisor who advised on each LOBO loan?
14) Where available, the original unredacted LOBO loan contracts.
Yours faithfully,
Jamie Griffiths
Corporate Information Management Department
Force Headquarters, PO Box 37, Valley Road,
Portishead, Bristol, BS20 8QJ
Facsimile 01275 814667
Private Our Reference 943/15
Mr Jamie Griffiths
[FOI #273975 email] Date 15 June 2015
Dear Mr Griffiths
I write in connection with your request for information dated 12^th June
2015 concerning details of loan borrowing. This request will be dealt with
under the terms of the Freedom of Information Act 2000.
Your request will now be considered and you will receive a response within
the statutory timescale of 20 working days as defined by the Act. In some
circumstances Avon and Somerset Constabulary may be unable to achieve this
deadline if consideration needs to be given to the public interest test.
If this is likely you will be informed and given a revised time-scale at
the earliest opportunity.
Yours sincerely,
C Quartey
Freedom of Information Officer
Corporate Information Management Department
Please note;
1. Requests and responses may be published on Avon and Somerset
Constabulary’s website (within 24 hours), some of which may contain a link
to additional information, which may provide you with further
clarification.
2. Whilst we may verbally discuss your request with you in order to
seek clarification, all other communication should be made in writing.
3. Avon and Somerset Constabulary provides you with the right to
request a re-examination of your case under its review procedure.
Subject: FOI ref 536
Dear Sir/Madam
Freedom of Information request
Thank you for your request for information below. I am dealing with this
request under the terms of the Freedom of Information Act 2000.
Avon and Somerset Police & Crime Commissioner Sue Mountstevens is
committed to openness and actively seeks to make information available
about her decisions and actions.
I will endeavour to respond to your request as quickly as possible and you
will receive a response within the statutory timescale of 20 working days
as defined by the Act, subject to the information not being exempt or
containing a reference to a third party. In some circumstances the Office
of the Police & Crime Commissioner may be unable to achieve this deadline.
If this is likely you will be informed and given a revised time-scale at
the earliest opportunity.
Whilst I aim to provide most of the information free of charge, there may
in some circumstances be a fee payable for the retrieval, collation and
provision of information. If this is the case then I will let you know,
issue a fees notice and suspend the 20 working day timescale until I have
received payment from you.
Some requests may also require either full or partial transference to
another public authority in order to answer your query in the fullest
possible way. Again, you will be informed if this is the case.
I would like to take this opportunity to thank you for your interest in
the work of the Avon and Somerset Police & Crime Commissioner.
Yours sincerely,
Freedom of Information Officer
Office of Avon and Somerset Police & Crime Commissioner
Avon & Somerset Police & Crime Commissioner, Valley Road, Portishead,
Bristol BS20 8JJ
Tel: 01275 816377 fax: 01275 816388
[1]www.avonandsomerset-pcc.gov.uk
Corporate Information Management Department
Force Headquarters, PO Box 37, Valley Road,
Portishead, Bristol, BS20 8QJ
Facsimile 01275 814667
Email [email address]
Private Our Reference 943/15
Mr Jamie Griffiths
Date 19 June 2015
[FOI #273975 email]
Dear Mr Griffiths
I write in connection with your request for information dated 12^th June
2015 concerning lender option loans.
Specifically you asked:
“For each of the Lender Option, Borrower option (LOBO) loans the
Constabulary currently has on its books, and for any historical LOBO
loans, please provide:
1) Loan principal?
2) Maturity date?
3) Trade date when the loan was signed?
4) Initial interest rate?
5) Current stepped-up interest rate and step-up date where applicable?
6) Any formula or structure determining the interest rate where
applicable?
7) The first LOBO option call date?
8) The LOBO option call frequency?
9) Day count convention used for calculation of interest payments?
10) The original broker of the loan and fee paid?
11) Broker and fee paid for any subsequent restructuring?
12) The relevant bank or financial institution(s) which issued each LOBO
loan?
13) The name of the Treasury Management Advisor who advised on each LOBO
loan?
14) Where available, the original unredacted LOBO loan contracts.”
Having completed my search for the information that you requested I can
confirm that this is not held by Avon and Somerset Constabulary.
Your request has been transferred to the Office of Avon and Somerset
Police and Crime Commissioner who will provide you with a response
directly. If you have any queries in the meantime please contact them
directly by writing to:
Avon and Somerset Police and Crime Commissioner
Police Headquarters
Valley Road
Portishead
BS20 8JJ
Alternatively you can email them at: [1][email address]
Yours sincerely
C Quartey
Freedom of Information Officer
Corporate Information Management Department
Please note:
1. Requests and responses may be published on Avon and Somerset
Constabulary’s website (within 24 hours), some of which may contain a link
to additional information, which may provide you with further
clarification.
2. Whilst we may verbally discuss your request with you in order to
seek clarification, all other communication should be made in writing.
3. Avon and Somerset Constabulary provides you with the right to
request a re-examination of your case under its review procedure (copy
attached).
Dear Mr Griffiths
Freedom of Information request
Avon and Somerset Police and Crime Commissioner’s office have now
completed the search for information and the response is attached.
Thank you again for your interest.
Yours sincerely
Freedom of Information Officer
Avon and Somerset Police and Crime Commissioner's Office,
Valley Road, Portishead, Bristol BS20 8JJ
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