Lender Option Borrower Option (LOBO) loans

The request was successful.

Dear Blaenau Gwent County Borough Council,

Please advise:

1. How many Lender Option Borrower Option (LOBO) loans the Council has taken out with payments still outstanding?
2. For each - the original loan value, the interest, and the final amount which will have been paid out when the loan term ends?

Yours faithfully,

H Spencer

Blaenau Gwent County Borough Council

Dear H Spencer,

I acknowledge receipt of your Freedom of Information request and will liaise with the relevant Department in order to provide a response.

We will endeavour to provide this information within 20 working days.

Yours faithfully,

FOI Team
 Blaenau Gwent County Borough Council
  Legal Section, The General Offices, Steel Works Road, Ebbw Vale  NP23 6DN
  Cyngor Bwrdeistref Sirol Blaenau Gwent
Mae'r Adain Gyfreithiol, Y Swyddfeydd Cyffredinol, Heol Gwaith Dur, Glyn Ebwy NP23 6DN

Mae’r Cyngor yn croesawu gohebiarth yn Gymraeg a saesneg a byddwn yn cyfathrebu gyda chi yn eich dewis iaith, dim ond I chi rhoi gwybod I ni pa un sydd well gennych. Ni fydd gohebu yn Gymraeg yn creu unrhyw oedi.
The Council welcomes correspondence in Welsh and English and we will communicate with you in the language of your choice, as long as you let us know which you prefer. Corresponding in Welsh will not lead to any delay.

If you are not happy with the way in which your request has been dealt with please respond requesting an internal review. You may also contact the Information Commissioner if you are still not happy with the way your request has been dealt with.

The Information Commissioner’s address is:
Information Commissioner’s Office – Wales
2nd Floor, Churchill House
Churchill Way
Cardiff
CF10 2HH
Telephone: 029 2067 8400
Fax: 029 2067 8399
Email: [email address]

Blaenau Gwent County Borough Council

1 Attachment

Dear H Spencer

 

In response to your Freedom of Information request, please see the
Officer’s comments in the attached document in respect of LOBO Loans.

 

I trust this answers your request and if you have any queries please don’t
hesitate to contact me.

 

Kind regards

 

FOI Team

H  Blaenau Gwent County Borough Council

       Legal Section, The General Offices, Steel Works Road, Ebbw Vale 
NP23 6DN

H   Cyngor Bwrdeistref Sirol Blaenau Gwent

       Mae'r Adain Gyfreithiol, Y Swyddfeydd Cyffredinol, Heol Gwaith Dur,
Glyn Ebwy NP23 6DN

 

Mae’r Cyngor yn croesawu gohebiarth yn Gymraeg a saesneg a byddwn yn
cyfathrebu gyda chi yn eich dewis iaith, dim ond I chi rhoi gwybod I ni pa
un sydd well gennych. Ni fydd gohebu yn Gymraeg yn creu unrhyw oedi.

The Council welcomes correspondence in Welsh and English and we will
communicate with you in the language of your choice, as long as you let us
know which you prefer. Corresponding in Welsh will not lead to any delay.

 

If you are not happy with the way in which your request has been dealt
with please respond requesting an internal review. You may also contact
the Information Commissioner if you are still not happy with the way your
request has been dealt with.

 

The Information Commissioner’s address is:

Information Commissioner’s Office – Wales

2nd Floor, Churchill House

Churchill Way

Cardiff

CF10 2HH

Telephone: 029 2067 8400

Fax: 029 2067 8399

Email: [1][email address]

 

 

 

Dear Blaenau Gwent County Borough Council,

Further to this reply, could you kindly confirm whether £4,000,000 is the original loan amount, or the total that will have been repaid by the end of the loan? Could you also provide the figure for the one which it is not?

Yours faithfully,

H Spencer

Blaenau Gwent County Borough Council

1 Attachment

Dear H Spencer,

 

Further to your email below please find attached a copy of the LOBO loan
details which have been amended to incorporate the final loan amount
payable on the maturity date.

 

We hope this answers your request and if you have any queries please don’t
hesitate to contact us.

 

Kind regards

 

FOI Team

H  Blaenau Gwent County Borough Council

       Legal Section, The General Offices, Steel Works Road, Ebbw Vale 
NP23 6DN

H   Cyngor Bwrdeistref Sirol Blaenau Gwent

       Mae'r Adain Gyfreithiol, Y Swyddfeydd Cyffredinol, Heol Gwaith Dur,
Glyn Ebwy NP23 6DN

 

Mae’r Cyngor yn croesawu gohebiarth yn Gymraeg a saesneg a byddwn yn
cyfathrebu gyda chi yn eich dewis iaith, dim ond I chi rhoi gwybod I ni pa
un sydd well gennych. Ni fydd gohebu yn Gymraeg yn creu unrhyw oedi.

The Council welcomes correspondence in Welsh and English and we will
communicate with you in the language of your choice, as long as you let us
know which you prefer. Corresponding in Welsh will not lead to any delay.

 

If you are not happy with the way in which your request has been dealt
with please respond requesting an internal review. You may also contact
the Information Commissioner if you are still not happy with the way your
request has been dealt with.

 

The Information Commissioner’s address is:

Information Commissioner’s Office – Wales

2nd Floor, Churchill House

Churchill Way

Cardiff

CF10 2HH

Telephone: 029 2067 8400

Fax: 029 2067 8399

Email: [1][email address]

 

 

 

 

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