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

Restructuring of LOBO loans

We're waiting for Research for Action to read recent responses and update the status.

Research for Action

Dear Clackmannanshire Council,

A. How many LOBO loans (number of loans and total principal) has the council restructured, refinanced or for which the terms of the contracts have changed since 2015.

B. For such loans please provide a spreadsheet with the following information (a row for each loan and each parameter listed in a separate column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed into fixed rate loan by removing the option, or loan was repaid with a new bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing

C. Please provide copies of new contracts and any other official documents related to the restructuring/refinancing

D. Please provide invoices for the broker fees for the restructuring/refinancing

Yours faithfully,

Ludovica Rogers

Research for Action

Dear Clackmannanshire Council,
Your response to my FOI request is long overdue.
Please provide the information requested as soon as possible.
Kind regards,
Ludovica Rogers

FOI, Clackmannanshire Council

Hi your enquiry was received on 3rd May and there is a 28 day period for
responses - response due 4th June

Thank you

From:        Research for Action
<[FOI #562535 email]>
To:        FOI requests at Clackmannanshire Council <[Clackmannanshire Council request email]>
Date:        13/05/2019 17:54
Subject:        Re: Freedom of Information request - Restructuring of LOBO
loans

--------------------------------------------------------------------------

Dear Clackmannanshire Council,
Your response to my FOI request is long overdue.
Please provide the information requested as soon as possible.
Kind regards,
Ludovica Rogers

-------------------------------------------------------------------
Please use this email address for all replies to this request:
[FOI #562535 email]
Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[1]https://www.whatdotheyknow.com/help/offi...
For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:
[2]https://www.whatdotheyknow.com/help/ico-...
Please note that in some cases publication of requests and responses will
be delayed.
If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

dangos adrannau a ddyfynnir

Research for Action

Dear FOI,
I am referring to an FOI sent on 18 March 2019 titled "Restructuring of LOBO loans" to which I never received a response.
I also sent a new FOI on 3 May 2019 titled "LOBO loan details for 2015/16 & 2018/19".
Please can you confirm that the two FOIs will be dealt with separately as the are requesting different information and have been sent a month and a half apart.
Kind regards,
Ludovica Rogers

FOI, Clackmannanshire Council

1 Atodiad

Hi

Please see attached response to the FOI above

A. How many LOBO loans (number of loans and total principal) has the
council restructured,  refinanced or for which the terms of the contracts
have changed since 2015.
Four loans with a total principal of £18.5 million have had the terms of
the contracts have changed since 2015.

B. For such loans please provide a spreadsheet with the following
information (a row for each loan and each parameter listed in a separate
column): 1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the
refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed
into fixed rate loan by removing the option, or loan was repaid with a new
bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if
applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan
 (if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan
 (if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan
 (if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing

(See attached file: FOI RES0428C0B Dated 18-03-2019.xlsx)

C. Please provide copies of new contracts and any other official documents
related to the restructuring/refinancing
No  restructuring/refinancing undertaken

D. Please provide invoices for the broker fees for the
restructuring/refinancing
No  restructuring/refinancing undertaken

Any queries regarding this FOI please contact FOI Team at
[email address]

Thanks
Pearl

[1]Inactive hide details for Research for Action ---16/05/2019
16:20:43---Dear FOI, I am referring to an FOI sent on 18 March
2019Research for Action ---16/05/2019 16:20:43---Dear FOI, I am referring
to an FOI sent on 18 March 2019 titled "Restructuring of LOBO loans" to
whi

From: Research for Action <[FOI #562535 email]>
To: FOI <[Clackmannanshire Council request email]>
Date: 16/05/2019 16:20
Subject: Re: Freedom of Information request - Restructuring of LOBO loans

--------------------------------------------------------------------------

Dear FOI,
I am referring to an FOI sent on 18 March 2019 titled "Restructuring of
LOBO loans" to which I never received a response.
I also sent a new FOI on 3 May 2019 titled "LOBO loan details for 2015/16
& 2018/19".
Please can you confirm that the two FOIs will be dealt with separately as
the are requesting different information and have been sent a month and a
half apart.
Kind regards,
Ludovica Rogers

dangos adrannau a ddyfynnir

Research for Action

Dear FOI Officer,
Thank you for the information provided.
Could you kindly provide the documents indicating the change of the terms of the contract as indicated in my request at point C. It could be in the form of a letter from Barclays or a Deed Poll from the lawyers.
Kind regards,
Ludovica Rogers

Dana Scjalokaite, Clackmannanshire Council

1 Atodiad

+------------------------------------------------------------------------+
| Clackmannanshire Council, Kilncraigs, Alloa, Clackmannanshire FK10 ||
| 1EB                                       ||
+------------------------------------------------------------------------+

To:
Mr. Ludovica Rogers Contact: Dana Scjalokaite
Tel. No: 01259 450000
Ref: RES0428C0B
Date: 27/05/2019

Dear Mr. Rogers

Freedom of Information : RES0428C0B

I acknowledge receipt of your request for a review which was received on
24/05/2019 about LOBOs.   It will be forwarded to the appropriate Council
Service for action and you should receive a response, or a request for
clarification by 24/06/2019. If there is a need to clarify anything
relating to your request, colleagues will contact you.  

If you have any queries about this letter, please contact me.  

Yours sincerely,

Dana Scjalokaite

+------------------------------------------------------------------------+
|  If you are not satisfied with the outcome of the review you have |
| the right to appeal directly to The Scottish Information |
| Commissioner, Kinburn Castle, Doubledykes Road, St. Andrews, Fife |
| KY16 9DS, or online www.itspublicknowledge.info/Appeal within 6 |
| months. |
+------------------------------------------------------------------------+

dangos adrannau a ddyfynnir

References

Visible links
1. http://www.clacks.gov.uk/
2. http://twitter.com/clackscouncil
3. http://www.facebook.com/officialclackman...

Dana Scjalokaite, Clackmannanshire Council

3 Atodiad

+------------------------------------------------------------------------+
| Clackmannanshire Council, Kilncraigs, Alloa, Clackmannanshire FK10 ||
| 1EB                                       ||
+------------------------------------------------------------------------+

To:
Mr. Ludovica Rogers Contact: Dana Scjalokaite
  Tel. No: 01259 450000
Ref: RES0428C0B
Date: 20/06/2019

Dear Mr. Rogers

Freedom of Information Review: RES0428C0B

Please see attached.

Yours sincerely,

Dana Scjalokaite

(See attached file: Review RES0428C0B.docx)(See attached file: Review.pdf)

+------------------------------------------------------------------------+
|  If you are not satisfied with the outcome of the review you have |
| the right to appeal directly to The Scottish Information |
| Commissioner, Kinburn Castle, Doubledykes Road, St. Andrews, Fife |
| KY16 9DS, or online www.itspublicknowledge.info/Appeal within 6 |
| months. |
+------------------------------------------------------------------------+

dangos adrannau a ddyfynnir

References

Visible links
1. http://www.clacks.gov.uk/
2. http://twitter.com/clackscouncil
3. http://www.facebook.com/officialclackman...

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