Conversion of Barclays "range LOBOs" to Fixed Rate Loans

Ludovica Rogers made this Freedom of Information request to Newham Borough Council

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

The request was partially successful.

Dear Newham Borough Council,

For each Barclays LOBO loan on the councils books, subsequently converted to a fixed rate loan, please provide:

1) Loan principal?
2) Maturity date?
3) Trade date when the restructured loan was signed/approved?
4) the new fixed interest rate?
5) the broker and fees paid for the restructuring?
6) the name of any independent financial advisor assisting for Newham on the deal(s)
7) the name of the Treasury Management Advisor who advised on each LOBO loan?
8) name of Law firm which advised Newham Council on its options to restructure/ renegotiate.
9) the newly revised, unredacted fixed-rate /LOBO loan contract(s).
10) the breakage fee & fair value assessment for each loan instrument.

Yours faithfully,

Ludovica Rogers

Newham Borough Council

REQUESTER REFERENCE: C14309
ENQUIRY REFERENCE: E28512
Please quote your references when contacting the Council.

Dear Sir/Madam,

Freedom of Information Act 2000

Thank you for your request for information received on 24/02/2017. We are
dealing with your request and plan to respond before 24/03/2017.

If you have any queries or concerns, please contact the Information
Governance Team on 020 8430 2000 or email us at:
[Newham Borough Council request email]

Yours Faithfully

Information Governance Team
Newham Council

Newham Council Publication Scheme is on: www.newham.gov.uk

show quoted sections

Newham Borough Council

1 Attachment

Dear Ms Rogers,

 

We attach our response under the disclosure provisions of the Freedom of
Information Act 2000.

 

If you require any further information please do not hesitate to contact a
member of our team on (020) 8430 2000 or email us at
[1][Newham Borough Council request email]

Alternatively, if you believe we have not dealt with your request
satisfactorily you may initially complain to us and then to the
Information Commissioner's Office. The Information Commissioner would
expect you to have given the Council the opportunity to deal with your
appeal prior to you contacting them. Please see guidance on the Freedom of
Information Appeals page:

[2]https://www.newham.gov.uk/Pages/Services...

 

As with other local authorities, the number of enquiries has increased
each year since the introduction of the Freedom of Information
legislation.  Therefore, to enable us to deal with your enquiry more
efficiently, we have introduced an online form.  We would ask that you
submit all future requests via our online form:

[3]https://achieve.newham.gov.uk/default.as...

 

In addition, you may find it useful to access the following link, where
you can view our Publication Scheme, a list of previous requests and
responses and/or use our E-Form should you wish to make further requests:

[4]https://www.newham.gov.uk/Pages/ServiceC...

 

 

Yours sincerely,

 

 

Information Governance

London Borough of Newham

Newham Dockside, 1000 Dockside Road,  London E16 2QU

[5][Newham Borough Council request email]

 

 

show quoted sections

Newham Borough Council

1 Attachment

Dear Ms Rogers

 

It has come to light that part of the response to your request for
information re LOBOs was not quite correct. Therefore please find enclosed
a letter setting out clarification with regard to Q6.

 

I would be grateful if you could substitute this response to that
previously sent.

 

Apologies for the inconvenience.   

 

Martin Gibbs I Complaints and Member Enquiries Manager I

London Borough of Newham

Newham Dockside I 1000 Dockside Road I London E16 2QU

DDI: 020 3373 1251 I Int: 31251