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

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:

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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]

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Yours sincerely,



Information Governance

London Borough of Newham

Newham Dockside, 1000 Dockside Road,  London E16 2QU

[5][Newham Borough Council request email]



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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