Nid ydym yn gwybod a yw'r ymateb mwyaf diweddar i'r cais hwn yn cynnwys gwybodaeth neuai peidio - os chi ywJamie Mann mewngofnodwch a gadael i bawb wybod.

LOBO loan borrowing, restructuring or refinancing

We're waiting for Jamie Mann to read recent responses and update the status.

Dear Stirling Council,

I'm interested in obtaining information regarding your council's LOBO loan borrowing and if/ how this borrowing has been restructured or refinanced by either the lending bank(s) or the council.

Please provide the following information/ loan parameters below in Microsoft XL format:

1) How much of your council's LOBO loan debt has been repaid and refinanced? Please list the LOBO loans that have been refinanced by counterparty, notional amount, original maturity and date of restructuring.

2) Please disclose the break cost paid to the bank counterparty for each loan restructuring and the discount rate used in each valuation.

3) Please disclose any additional PWLB borrowing undertaken to finance LOBO loan restructuring, including the maturities and coupon rates of new PWLB loans.

4) Please disclose the name of any third-party adviser used on the restructuring.

5) Please provide original, modified, and/or restructured loan contracts, including:

a) LOBOs converted into fixed rate loans

b) LOBOs/fixed rate loans converted into PWLB loans

c) LOBOs that have not been refinanced

6) Please provide the name of the broker used for each loan restructuring, and the relevant brokerage fee paid.

7) Please confirm whether your council have applied for any “statutory overrides” or “capitalisation requests” in relation to the accounting for LOBO loans in the council's annual accounts.

Please provide the:

a) Date/year

b) Subject/scope of each override

c) Result of each formal application for a statutory override

I'd appreciate it if you could acknowledge the above requests and inform me of the latest date of which you are required to answer my request by (20 days from the date of receipt).

Thanks for your help,

Jamie Mann

FOI, Stirling Council

Dear Mr Mann,

Your request for information has been logged and allocated reference FOI/12454.

Please note, should you wish to receive any of your client’s personal data, please send us a signed mandate authorising us to disclose their personal data to you. Without a mandate, it is likely that our response will include documents which have been redacted to remove your clients personal data as well as all third party personal data which is routinely removed.

Your request will be dealt with under the Freedom of Information (Scotland) Act 2002 (FOISA), and if determined appropriate to do so during the course of your request, also the Environmental Information (Scotland) Regulations, 2004 (EIRs).

Your request will be forwarded to the service area(s) holding the information. Please note, the service area(s) holding the information may need further information from you to locate the information sought once they have received the request, and you will be contacted again should this be necessary.

Unless clarification is required your request will be answered promptly, and within twenty working days of the date your request was received – in this case no later than 13/03/19

Yours sincerely,

Fiona McCallum

Records & Information Compliance Team
Stirling Council
Stirling FK8 2ET
01786 233988
[Stirling Council request email]

dangos adrannau a ddyfynnir

CorporateFOI, Stirling Council

Dear Jamie Mann,

 

I refer to your above request under the Freedom of Information (Scotland)
Act 2002, which was logged by us as FOI/12454.

                                                                   

The following information has been provided in response to your request.

 

I'm interested in obtaining information regarding your council's LOBO loan
borrowing and if/ how this borrowing has been restructured or refinanced
by either the lending bank(s) or the council.

 

1) How much of your council's LOBO loan debt has been repaid and
refinanced?  Please list the LOBO loans that have been refinanced by
counterparty, notional amount, original maturity and date of
restructuring.

 

We don’t currently have any LOBO loans in our portfolio, and haven’t had
any in our portfolio in prior years either, therefore do not have the info
requested in this FOI. We do not hold the information you have requested
in terms of section 17 of the Freedom of Information (Scotland) Act 2002.

 

2) Please disclose the break cost paid to the bank counterparty for each
loan restructuring and the discount rate used in each valuation.

 

Not applicable

 

3) Please disclose any additional PWLB borrowing undertaken to finance
LOBO loan restructuring, including the maturities and coupon rates of new
PWLB loans.

 

Not applicable

 

4) Please disclose the name of any third-party adviser used on the
restructuring.

 

Not applicable

 

5) Please provide original, modified, and/or restructured loan contracts,
including:

 

a) LOBOs converted into fixed rate loans

 

b) LOBOs/fixed rate loans converted into PWLB loans

 

c) LOBOs that have not been refinanced

 

Not applicable

 

6) Please provide the name of the broker used for each loan restructuring,
and the relevant brokerage fee paid.

 

Not applicable

 

7) Please confirm whether your council have applied for any “statutory
overrides” or “capitalisation requests” in relation to the accounting for
LOBO loans in the council's annual accounts.

 

Not applicable

 

 

If you are dissatisfied with the way in which your request for information
has been dealt with you are entitled to request a review of the actions
and decisions made by the Council in relation to your request.  Your
request for review must be in writing or some other permanent form stating
your name and address for correspondence, and specifying the request for
information to which your request for review relates and why you are
dissatisfied with the response.

 

You must make your request for review not later than 40 working days after
the expiry of the 20 working day period of response to your initial
request by the Council or not later than 40 working days after the receipt
by you of the information provided, any fees notice issued or any
notification of refusal or partial refusal.

 

Your request for review should be addressed in the first instance to:

Records & Information Compliance Manager, Stirling Council, Viewforth,
STIRLING FK8 2ET email [1][Stirling Council request email]

 

The Records & Information Compliance Manager will then arrange for an
appropriate officer to undertake a review.

Please note that in any email you must state your name.

If you are dissatisfied with how your request for a review has been dealt
with, then you are entitled to ask the Scottish Information Commissioner
to investigate your case. You must ask the Scottish Information
Commissioner no later than 6 months after the date of receipt by you of
the notice or decision you are dissatisfied with or within 6 months of the
expiry of the period of 20 working days from receipt by the Council of
your request for review. 

 

The Scottish Information Commissioner recommends that you appeal online.
The online appeal service is available here:
[2]www.itspublicknowledge.info/Appeal

You do not need to submit an appeal online, but if you do it will ensure
the Commissioner is provided with all the information required to
investigate your case quickly.

 

For further information about making an appeal to the Scottish Information
Commissioner, including how to submit an appeal by email or post, see:

[3]http://www.itspublicknowledge.info/YourR...

 

If you do not have access to the internet, you can contact the Scottish
Information Commissioner at Kinburn Castle, Doubledykes Road, St Andrews,
Fife KY16 9DS,   Tel: 01334 464610  Email:
[4][email address]

 

You may also appeal against a decision of the Scottish Information
Commissioner but on a point of law only.  Any such appeal must be made
within 42 days of the date of intimation of the Commissioner's decision
notice.

 

 

Leeanne Gray

FOI Co-ordinator

Stirling Council

 

 

 

 

 

 

This email and any attachments are intended solely for the individual or
organisation to which they are addressed and may be confidential and/or
legally privileged. If you have received this email in error please
forward it to [email address] and then delete it. Please check
this email and any attachments for the presence of viruses as Stirling
Council accepts no liability for any harm caused to the addressees'
systems or data. Stirling Council may monitor its email system. Stirling
Council accepts no liability for personal emails.

[5]Stirling Council.

[6]Living Wage Employer

References

Visible links
1. mailto:[Stirling Council request email]
2. http://www.itspublicknowledge.info/Appeal
3. http://www.itspublicknowledge.info/YourR...
4. mailto:[email address]
5. http://www.stirling.gov.uk/

Many thanks for this Leeane.

Yours sincerely,

Jamie Mann

Nid ydym yn gwybod a yw'r ymateb mwyaf diweddar i'r cais hwn yn cynnwys gwybodaeth neuai peidio - os chi ywJamie Mann mewngofnodwch a gadael i bawb wybod.