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Choice of fixed vs floating interest rate PWLB and bank borrowing 2000-2018

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Dear Northamptonshire County Council,

Please provide answers to the following questions in Ms Excel format for your borrowed position between financial years 2000/01 and 2018/19

1) If you borrowed on fixed interest rate terms. How much interest would you have saved if you'd borrowed on floating rate terms?

2) How much has your real capital position changed due to borrowing on fixed rate terms? (If you'd borrowed on floating rates, the answer would be zero)

3) What advice did you take on the choice of fixed vs floating PWLB rates, bearing in mind the PWLB provides both fixed and floating rate loans, and both are priced at market rates?

4) What advice did you take on the choice of fixed vs floating bank loans, bearing in mind banks provides both fixed and floating rate loans, and both are priced at market rates?

5) What is your councils proportion of fixed to floating interest rate debt? and how does this vary from guidance/ best practice?

6) If you chose to restructure and extend the duration of your loans over this period - upon whose advice was such action taken?

7) If you could go back in time, would the majority of your borrowing have been at floating rates instead of fixed rate?

Yours faithfully,

Joel M Benjamin

Freedom of Information, Northamptonshire County Council

Dear Mr Benjamin,

 

Freedom of Information Request: FR8769

 

I am writing to acknowledge your request for information dated 09/11/2018
which was received by us on 12/11/2018.

 

Our team is dealing with your request and we will be in contact with you
soon. If you have any queries about this email, please contact me quoting
the reference FR8769 in any future communications.

 

You should expect a further response within 20 working days.

 

Kind regards

 

Sarah Jobling

Senior Administrator

Freedom of Information/Data Protection Team

Business Intelligence and Project Management

Northamptonshire County Council

 

Tel: 01604 368360

[1][Northamptonshire County Council request email]

[2]www.northamptonshire.gov.uk

 

 

 

 

 

 

 

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Freedom of Information, Northamptonshire County Council

2 Attachments

Good morning,

 

Please see attached response

 

Kind regards

 

Tracey Gilkes

FOI / DP Admin

Northamptonshire County Council

Business Intelligence and Project Management

ONE Angel Square

Angel Street

Northampton

NN1 1ED

 

t : 01604 368360

e: [1][email address]

     [2][Northamptonshire County Council request email]

 

 

 

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