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LOBO loan details for 2015/16 & 2018/19

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Research for Action

Dear Bedford Borough Council,

A. Please provide a spreadsheet in .xls format containing the following information for each of the LOBO loans you held in the 2015/16 financial year (please use a row for each loan and a column for each parameter indicated below):
1. Internal reference number
2. Principal
3. Initial counterparty
4. Date loan was signed
5. Drawdown date
6. Maturity date
7. Option period (number of months)
8. Start date for teaser rate (if applicable)
9. Teaser interest rate (if applicable - intended as the discount rate sometimes offered before the initial rate)
10. Start date for initial rate
11. Initial interest rate (intended as the rate set for the term of the loan until the first option is called)
12. First option date
13. Has the option been exercised?
14. Most recent date when option was exercised (if applicable)
15. Interest rate in 2015/16
16. Interest paid in 2015/16
17. Fair value in March 2016
18. Interest rate in 2018/19
19. Interest paid in 2018/19
20. Fair value in March 2019
21. Current counterparty
22. Name of treasury management advisor when the loan was taken out
23. Name of broker who arranged the loan
24. Fee paid to the broker for the loan

B. Please provide copies of:
1. The original LOBO loan contracts
2. The invoices for the broker fees

Kind regards,

Ludovica Rogers

Freedom of Information, Bedford Borough Council

Thank you for your e-mail requesting information under the Freedom of
Information Act 2000 / Environmental Information Regulations 2004.

 

We will proceed with the request which we received today. It is our
intention to have the information delivered to you as soon as possible
otherwise within the statutory 20 working days.

 

In consideration of the request, which may be subject to any exemptions/
exceptions the Council may rely on to refuse the request, some of which
are absolute and some of which only apply where the public interest in
maintaining the exemption/exception outweighs that in disclosing the
information.

 

 

Please note that should you be requesting information under the
Environmental Information Regulations although we provide free access to a
wide range of information through our website, access to any public
registers which we hold and for inspecting information at our offices, we
are allowed to charge you a reasonable fee for providing certain
information.  If applicable, we will issue you with a fee notice.  This
will detail the tasks involved in responding to the request, and
associated costs.  Further information is available on the EIR page of
Bedford Borough Council’s website at the following link:

 

[1]http://www.bedford.gov.uk/council_and_de...

  

 

Please note that once a response has been forwarded to you an anonymised
summary of all requests appear on the Bedford Borough website at the
following link:

[2]http://www.bedford.gov.uk/council_and_de...
Our current practise is that the information will be available to view on
the web for 2 years.

 

Any future correspondence you may have with the Council in relation to
this matter should be emailed to [3][Bedford Borough Council request email] .

 

Any emails containing personal or sensitive data will be sent as ‘secure
e-mails’.  In order for you to access a secure email you will be asked to
create an account and log into the Council’s secure e-mail reply service. 
If you do receive a secure email there will be instructions explaining how
to do this.

 

 

 

 

References

Visible links
1. http://www.bedford.gov.uk/council_and_de...
2. http://www.bedford.gov.uk/council_and_de...
3. mailto:[Bedford Borough Council request email]

Andrea Bechtle, Bedford Borough Council

1 Attachment

Dear Ludovica Rogers

 

Request pursuant to Freedom of Information Act 2000 – Request No.14081

 

I refer to your recent enquiry for information held by the Council. 

 

Under the provisions of the Freedom of Information Act, the authority must
state whether or not the information exists and I confirm that we do hold
the information you requested.

 

Please find the information you requested attached.

 

The information supplied to you continues to be protected by the
Copyright, Designs and Patents Act 1988. You are free to use it for your
own purposes,

including any non-commercial research you are doing and for the purposes
of news reporting. Any other re-use, for example commercial publication,
would

require the permission of the copyright holder.  For further information
regarding Re-use of Public Sector information please see link below

 

If after viewing the information you are for whatever reason unhappy with
our response to your application you are entitled to pursue any
dissatisfaction through the Council's Internal Review Procedure.  Pursuant
to Section 17 (7) of the Act the procedure provided by the Council for
dealing with complaints about the determination of this request for
information is the Council’s FOI Complaints Procedure, a copy of which can
be obtained on request or is set out at: 
[1]http://www.bedford.gov.uk/council_and_de...

 

Yours sincerely

 

Andrea Bechtle

FOI & EIR Officer - Environment & Enabling Services

Bedford Borough Council

Room 336, Borough Hall, Cauldwell Street, Bedford, MK429AP

(01234) 718243 (ext 47243)
‘Bedford Borough Council - Working with our partners to make the borough a
better place to live, work and visit.’

 

 

 

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Research for Action

Dear Andrea Bechtle,
Thank you for providing the spreadsheet with the data requested.
Could you kindly also provide the documents requested at point B.
Kind regards,
Ludovica Rogers

Andrea Bechtle, Bedford Borough Council

4 Attachments

Bedford BC - OFFICIAL-Unsecure

Dear Ludovica Rogers

Please find attached copy of the contacts as requested in point B of your FOI request.
With regards to copy of invoice for broker fees, this information is no longer available as it is over 7 years old and has been destroyed as part of the financial retention schedule.

Kind regards,

Andrea Bechtle
FOI & EIR Officer - Environment & Enabling Services
Archives Records
Bedford Borough Council
Borough Hall, Cauldwell Street
Bedford, MK42 9AP

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