Details of LOBO loan borrowing and brokerage arrangements

The request was partially successful.

Joel M Benjamin

Dear Camden Borough Council,

For each of the Lender Option, Borrower option (LOBO) loans Camden 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 agreements.

Yours faithfully,

Joel M Benjamin

Cynthia Coleman, Camden Borough Council

1 Attachment

Camden Council - Information request (FOI/EIR) - Finance

Our reference: 10125853

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Dear Sir/Madam

FREEDOM OF INFORMATION ACT 2000 - INFORMATION REQUEST

Thank you for your recent Freedom of Information request received on 19
June 2015

You requested information on:

For each of the Lender Option, Borrower option (LOBO) loans Camden
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 agreements.

Your request is being dealt with under the terms of the Freedom of
Information Act 2000 and will be answered within twenty working days.

For your information, the Act defines a number of exemptions which may
prevent release of the information you have requested. There will be an
assessment and if any of the exemption categories apply then it will not
be released. You will be informed if this is the case.

If the information you request was obtained from or relates to a third
party then they may be consulted prior to a decision being taken on
whether or not to release the information to you.

In some cases there may a fee payable for the information requested. This
will be considered and you will be informed of the fee payable if this is
the case. In this event the fee must be paid before the information is
processed and released. The 20 day time limit for responses is put on hold
until receipt of the payment.

If you have any queries about this request do not hesitate to contact me.
Please remember to quote the reference number above in any future
communications.

Yours faithfully

Information & Records Management Officer

Email: [1][Camden Borough Council request email]
Phone: 020 7974 3996

References

Visible links
1. mailto:[Camden Borough Council request email]

Cynthia Coleman, Camden Borough Council

Camden Council - Information request (FOI/EIR) - Finance

Our reference: 10125853

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Dear Mr Benjamin

Freedom of Information Act 2000 - Extension of Time

We write regarding your request for information, received on 19 June 2015.

It is with regret that we have been unable to complete our response within
the 20 working-days as required by the Act. This is because we are
still sourcing the data to ensure we fully respond to your request .

Please be assured that we are dealing with your request as matter of
urgency. We hope to provide you with a final response by 30 July 2015. In
the event that consideration is given to qualified exemptions we will
contact you again with a revised timescale.

Please accept our sincere apologies for any inconvenience caused.

Yours faithfully

Information and Records Management Officer

Email: [1][Camden Borough Council request email]
Phone: 0207 9743669

References

Visible links
1. mailto:[Camden Borough Council request email]

Cynthia Coleman, Camden Borough Council

5 Attachments

Camden Council - Information request (FOI/EIR) - Finance

Our reference: 10125853

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Dear MR Benjamin

Re: Freedom of Information Act 2000

Further to  our email, of 20 July 2015, please find attach our
response to the requested information.

We hope that the information is useful to you.

If you are unhappy with the way your request has been processed, then you
have the right to issue a complaint. If you wish to issue a complaint and
require an internal review, please set out in writing your grounds of
appeal (within 2 months of this correspondence) and email this to
[1][Camden Borough Council request email], quoting the reference number. 
 
Please do not write directly to the officer you received the email
response from, as this may result in a delay of your complaint being
processed. 
Yours faithfully

Information and Records Management Officer

Email: [2][Camden Borough Council request email]
Phone: 0207 9743669
 
 

References

Visible links
1. mailto:[Camden Borough Council request email]
2. mailto:[Camden Borough Council request email]

FOI Requests, Camden Borough Council

3 Attachments

Dear Mr Benjamin

 

Please find the attached final 3 documents in relation to your request.

 

Yours sincerely

Information and Records Management Officer

Telephone: 0207 9743669

From: Cynthia Coleman [mailto:[email address]]
Sent: 23 July 2015 13:20
To: [FOI #275467 email]
Subject: Information request - Response (ref: 10125853)

 

Camden Council - Information request (FOI/EIR) - Finance

Our reference: 10125853

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