LOBO

The request was successful.

Dear Caerphilly County Borough Council,

Please advise:

1. How many Lender Option Borrower Option (LOBO) loans the Council has taken out with payments still outstanding?
2. For each - the original loan value, the interest, and the final amount which will have been paid out when the loan term ends?

Yours faithfully,

H Spencer

WWW: FOI, Caerphilly County Borough Council

1 Attachment

Dear H Spencer

 

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WWW: FOI, Caerphilly County Borough Council

Dear H Spencer

 

FREEDOM OF INFORMATION ACT 2000 - INFORMATION REQUEST

 

Thank you for your request for information received on 25^th September
2017. We have considered your request and enclose the following
information:

 

1. How many Lender Option Borrower Option (LOBO) loans the Council has
taken out with payments still outstanding?

As at 1st April 2017 the Council had 3 LOBO loans outstanding.

 

2. For each - the original loan value, the interest, and the final amount
which will have been paid out when the loan term ends?

The following table details the original value of the loan, the interest
paid and due to the term of the loan. The total includes the repayment of
the loan principal on the loan expiry date.

 

Interest paid and Total anticipated cost to end
Original Loan Value payable to end of loan of loan term. Interest plus
period. repayment of principal.
1 £10,000,000 £26,650,000 £36,650,000
2 £10,000,000 £27,090,000 £37,090,000
3 £10,000,000 £22,250,000 £32,250,000

 

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Yours sincerely

 

Andrew Southcombe

Finance Manager â Corporate Services

 

 

Freedom of Information Act 2000 / Environmental Information Regulations
2004

 

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Corporate Information Governance
Unit Information Commissionerâ s Office â
Caerphilly county borough Wales
council, 2nd Floor, Churchill House
Penallta House Churchill Way
Tredomen Park Cardiff CF10 2HH
Hengoed. CF82 7PG
 
 
Tel: 029 2067 8400
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