LOBO loan details for 2015/16 & 2018/19

Research for Action made this Freedom of Information request to High Peak Borough Council as part of a batch sent to 208 authorities

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 successful.

Research for Action

Dear High Peak 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


Your reference number is HPFOI2019/20-073


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Jenny Atherton
Freedom of Information Officer
High Peak Borough Council

Tel:  0345 129 7777



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Dear Madam

Thank you for your request for information which was received by the
Council on 3 May 2019.

I am advised that the Council’s response to your information request
regarding the above is as follows.

-  Please see the attached documents for the information you require.

The Council considers the names/signatures of individuals to be personal
information under the Data Protection Act 2018 and are, therefore, exempt
from release under Section 40(2) of the Freedom of Information Act 2000
and have been redacted.

Under the Re-Use of Public Sector Information Regulations 2015, you are
free to use any of the information that you have been provided with by the
Council in response to this request.  The information may be re-used
subject to the terms of the [1]Open Government Licence.

If you are dissatisfied with the response given to your request, you are
entitled to request an internal review.  Please
contact [2][email address], within 2 months of receiving the Council’s
response, if you require an internal review of your case.

If you remain dissatisfied with the outcome of the internal review, you
have the right to appeal to the Information Commissioner at:

FOI/EIR Complaints Resolution

Information Commissioner’s Office

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For information purposes only, the cost to the Council to respond to this
request is £50.00.

Yours faithfully


Jenny Atherton
Freedom of Information Officer
High Peak Borough Council

Tel:  0345 129 7777



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