Restructuring of LOBO loans

Roedd y cais yn llwyddiannus.

Research for Action

Dear Antrim and Newtownabbey District 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

FOI Requests, Antrim and Newtownabbey District Council

3 Atodiad

Dear Ms Rogers

Ref: 2019/03/028

Thank you for your email requesting information. Your request will be
treated in accordance with the Freedom of Information Act. Please see
attached Privacy Notice with regard to our processing of your personal
data.

We will aim to provide you with a response on or before 16 April 2019.

In the meantime, if you have any further queries, please do not hesitate
to contact me.

Kind Regards,

Helen Leung
Information Governance Assistant

FOI Requests​
[1]Antrim Civic Centre, 50 Stiles way, [4]Antrim and Newtownabbey Borough
Antrim.  BT41 2UB Council
T:  [2]028 9446 3113
E:  [3][Antrim and Newtownabbey District Council request email]
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dangos adrannau a ddyfynnir

FOI Requests, Antrim and Newtownabbey District Council

5 Atodiad

Dear Ms Rogers

 

Council Response – 2019/03/028

 

Thank you for your Freedom of Information request. Please find responses
to your questions in the attached table. We trust that this resolves your
request.  However, if you are dissatisfied with the way in which we have
handled your request for information you may request an internal review by
contacting:

 

Liz Johnston

Head of Governance

Antrim and Newtownabbey Borough Council

Antrim Civic Centre

50 Stiles Way

BT41 2UB 

 

Email: [1][email address]

 

If after the internal review is completed you remain dissatisfied you may
appeal to the Information Commissioner by contacting:

 

Information Commissioner’s Office

3rd Floor

14 Cromac Place

Belfast

BT7 2JB

 

If I can be of further assistance, please do not hesitate to contact me.

 

Regards

 

Helen Leung

Information Governance Assistant

 

FOI Requests​
[2]Antrim Civic Centre, 50 Stiles way, [5]Antrim and Newtownabbey Borough
Antrim.  BT41 2UB Council
T:  [3]028 9446 3113
E:  [4][Antrim and Newtownabbey District Council request email]
[6]FacebookTwitter
This email and any files transmitted with it are confidential and intended
solely for the use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the sender
immediately by email and delete this email from your system. Any opinions
expressed in the email message you have received are those of the
individual and not necessarily of Antrim and Newtownabbey Borough Council.
The Council reserves the right to monitor all inbound and outbound email
for security/audit purposes. All personal data will be processed in
accordance with current data protection legislation – for more information
see our website www.antrimandnewtownabbey.gov.uk/gdpr.  This email message
and any attachments has been scanned for the presence of computer viruses.
However, Antrim and Newtownabbey Borough Council does not guarantee these
messages are virus free and accepts no liability for any damage sustained
as a result of computer viruses. It is the recipient's responsibility to
ensure that their system is virus-free. Unless expressly stated in the
body of the text of the email, this email is not intended to form a
binding contract.

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