LOBO loan details

N Dunbar made this Freedom of Information request to Brent Borough Council

This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Dear Brent Borough Council,

Regarding the previously disclosed LOBO loans with the following financial institutions:

Dexia
Dexia
Eurohypo
Dexia
KA Finanz
KA Finanz
Barclays
Barclays
Dexia
Danske Bank
Dexia
Dexia
Barclays
RBS

For each of these loans, please provide the following information: 1) original lender where different to the current lender, 2) initial interest rate where there has been a step-up or change in coupon since the start of the contract, 3) first option date, often referred to as "LOBO date".

This information is needed in addition to previous disclosures in order to accurately assess the council's financial position.

Your assistance is appreciated.

Yours faithfully,

N Dunbar

Abigail Hunt,

Information request
Our reference: 3479296

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Dear Sir/Madam
 
Thank you for your information request. We will forward it to the
relevant department who will contact you shortly.
 
Brent Council
Brent Civic Centre
Engineers Way
Wembley HA9 0FJ
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Bina Chauhan-Wild,

Information request
Our reference: 3479296

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Dear Sir/Madam
 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 27 May
2015, as follows:
Dear Brent Borough Council,

Regarding the previously disclosed LOBO loans with the following financial
institutions:

Dexia
Dexia
Eurohypo
Dexia
KA Finanz
KA Finanz
Barclays
Barclays
Dexia
Danske Bank
Dexia
Dexia
Barclays
RBS

For each of these loans, please provide the following information: 1)
original lender where different to the current lender, 2) initial interest
rate where there has been a step-up or change in coupon since the start of
the contract, 3) first option date, often referred to as "LOBO date".

This information is needed in addition to previous disclosures in order to
accurately assess the council's financial position.

Your assistance is appreciated.

Yours faithfully,

N Dunbar
 
We are dealing with your request under the Freedom of Information Act 2000
and we aim to send a response by 25 June 2015.
 
In some case, a fee may be payable. If we decide a fee is payable, we will
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requested for any other reason together with the reason(s) why and details
of how you may appeal (if appropriate).
 
Yours faithfully
 
 
Bina Chauhan-Wild
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Bina Chauhan-Wild,

2 Attachments

Information request
Our reference: 3479296

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Yours faithfully
 
 
Bina Chauhan-Wild
[email address]