LOBO loan details for 2015/16 & 2018/19
Dear Blaenau Gwent County 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
Dear Ludovica Rogers,
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,
Information Governance Team / Tîm Llywodraethu Gwybodaeth
Blaenau Gwent County Borough Council
Legal Section, The General Offices, Steel Works Road, Ebbw Vale, South Wales 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 unhappy with the handling of your request, you can ask us to review our response. Requests for reviews should be submitted within 40 days of the date of receipt of our response to your original request – email: [Blaenau Gwent County Borough Council request email].
If you are unhappy with the outcome of our review, you can write to the Information Commissioner, who can be contacted at:
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]
Dear Ludovica Rogers,
In response to your Freedom of Information request, please see our response below next to your original email:
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): - See attached sheet
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
- See attached document
2. The invoices for the broker fees
- No longer available due to the Council's retention policy
I hope this is of assistance.
Kind regards
Information Governance Team / Tîm Llywodraethu Gwybodaeth
Blaenau Gwent County Borough Council
Legal Section, The General Offices, Steel Works Road, Ebbw Vale, South Wales 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.
* For future reference please can all future FOI requests be submitted via the link below:
[email address]
If you are unhappy with the handling of your request, you can ask us to review our response. Requests for reviews should be submitted within 40 days of the date of receipt of our response to your original request – email: [Blaenau Gwent County Borough Council request email].
If you are unhappy with the outcome of our review, you can write to the Information Commissioner, who can be contacted at:
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]
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