LOBO loan details for 2015/16 & 2018/19

Research for Action made this Freedom of Information request to Shropshire 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 partially successful.

Research for Action

Dear Shropshire 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

FOI, Shropshire Council

Dear Ms Rogers,

 

Thank you for your request for information received on 03/05/2019.  We are
currently processing your request in accordance with the relevant
legislation.

 

 Your request is for information relating to LOBO Loan information

 

(Please note this may be a summary of your request and full details, as
outlined in the request, will be sent to the team providing the response).

 

If you feel the information is inaccurate or requires amendment, please
notify us as soon as possible using the contact details provided below. 

 

Yours sincerely

 

Information Governance Team

Shropshire Council

Shirehall

Abbey Foregate

SHREWSBURY

SY2 6ND

 

Tel:                  01743 252179 / 252774 / 252747

Email:             [Shropshire Council request email]

Web:               [1]www.shropshire.gov.uk/access-to-information

 

 

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References

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James Walton, Shropshire Council

1 Attachment

Dear Sir/Madam

Further to your FOI request, please find response attached.

James Walton
Director of Finance, Governance and Assurance (Section 151 Officer)

Finance, Governance and Assurance
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND

Tel: 01743 25 8915
[mobile number]
Email: [email address]
Web www.shropshire.gov.uk

_______________________________________________________________________________
Chief Financial Officer (Section 151 Officer): Shropshire Council
Pension Scheme Administrator: Shropshire County Pension Fund
Treasurer: Shropshire and Wrekin Fire Authority
Treasurer: West Mercia Energy
Treasurer: Marches LEP
______________________________________________________________________________

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