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

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Dear Kent 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

 

Information request
Our reference: 4091865

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Dear Mr Benjamin
 
Freedom of Information Act 2000
 
Thank you for your email which we received on 9 November 2018.
 
Kent County Council acknowledges your request for information under 
the Freedom of Information Act 2000.  Assuming KCC holds this information,
we will endeavour to supply the data to you as soon as possible but no
later than 7 December 2018 (20 working days from date of receipt).
 
We will advise you as soon as possible if we do not hold this information
or if there are exemptions to be considered and/or any costs for providing
the information.
 
Please quote our reference - 4091865 in any communication regarding this
particular request.
 
Yours sincerely
 
 
Kelly Leeson
Strategic and Corporate Services
+443000415985
 
NOTE: Please do not edit the subject line when replying to this email.

1 Attachment

 

Information request
Our reference: 4091865

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Dear Mr Benjamin
 
Thank you for your request for information received on 9 November 2018.
 
Please find attached our response to your request.
 
Yours sincerely
 
 
Carly Wattle
Information Access Officer
Strategic and Corporate Services
+443000417061

 
NOTE: Please do not edit the subject line when replying to this email.

We don't know whether the most recent response to this request contains information or not – if you are Joel M Benjamin please sign in and let everyone know.

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