Details of LOBO loan borrowing and brokerage arrangements

Joel M Benjamin made this Freedom of Information request to Curo Housing Group
This authority is not subject to FOI law, so is not legally obliged to respond (details).


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 refused by Curo Housing Group.

Joel M Benjamin

Dear Curo Housing Group,

Please provide the following information regarding Lender Option, Borrower Option (LOBO) bank loans taken out by the housing association:

1) How many LOBO loans does Curo housing have?
2) Loan principal and Maturity dates?
3) Trade date when each 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?

Yours faithfully,

Joel M Benjamin

Company Secretary, Curo Housing Group

Thank you for your enquiry.

The Freedom of Information Act only applies to specified public authorities and public sector organisations. It does not apply to companies like Curo and therefore we do not respond to FOI requests. More information can be found here –
https://ico.org.uk/for-organisations/gui...