Details of LOBO loan borrowing and brokerage arrangements

Joel M Benjamin made this Freedom of Information request to Rugby Borough Council

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Joel M Benjamin

Dear Rugby Borough Council,

For each of the Lender Option, Borrower option (LOBO) loans Rugby Council currently has on its books, and for any historical LOBO loans, please provide:

1) Loan principal?
2) Maturity date?
3) Trade date when the loan was signed?
4) Initial interest rate?
5) Current stepped-up interest rate and step-up date where applicable?
6) Any formula or structure determining the interest rate where applicable?
7) The first LOBO option call date?
8) The LOBO option call frequency?
9) Day count convention used for calculation of interest payments?
10) The original broker of the loan and fee paid?
11) Broker and fee paid for any subsequent restructuring?
12) The relevant bank or financial institution(s) which issued each LOBO loan?
13) The name of the Treasury Management Advisor who advised on each LOBO loan?
14) Where available, the original unredacted LOBO loan contracts.

Yours faithfully,

Joel M Benjamin

Contact Centre, Rugby Borough Council

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Regards

Rugby Borough Council Customer Services

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Sue Birch, Rugby Borough Council

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This email was classified as NOT PROTECTIVELY MARKED on 10 July 2015
10:35:17 by Sue Birch

 

 

Sue Birch

Communications, Consultation & Information Officer

(01788) 533864

 

THIS E-MAIL AND ANY ATTACHED FILES ARE CONFIDENTIAL AND MAY BE LEGALLY
PRIVILEGED.

If you have received this transmission in error or are not the addressee,
any disclosure, reproduction, copying, distribution or other dissemination
or use of this communication is strictly prohibited. The information
contained in this e-mail may be the subject of public disclosure under the
Data Protection Act 1998, Freedom of Information Act 2000 or the
Environmental Information Regulations 2004- unless legally exempt from
disclosure, the confidentiality of this e-mail and your reply cannot be
guaranteed. Visit http://www.rugby.gov.uk for more information.

Thank you for your co-operation.

Rugby Borough Council

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