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LOBO loan details for 2015/16 & 2018/19

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Research for Action

Dear Worcester City 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

Research for Action

Dear Worcester City Council,

Your response to my FOI request titled LOBO loan details for 2015/16 & 2018/19 is delayed. Can you please provide an acknowledgement of the receipt of my request and an indication of when I can expect a response.

Kind regards,

Ludovica Rogers

Strategy, Worcester City Council

Good afternoon

 

I am writing in response to a Freedom of Information request that you
submitted to Worcester City Council via the What Do They Know website. It
has recently come to the attention of the Council that a number of email
requests submitted to us have not been received.

 

This issue has been investigated and rectified. However we are now aware
that a number of historic requests on What Do They Know have unfortunately
gone unanswered due to this issue.

 

Please accept our sincerest apologies that we have not responded to your
request, and for the significant period of time that has elapsed between
you submitting the request and us becoming aware of this problem. We
understand that the information you requested may no longer be of value to
you, however should you still wish to request this information or submit a
different request, you can do so using our webform which is available via
the link below:

 

[1]https://selfserve.worcester.gov.uk/infor...

 

Worcester City Council takes its responsibilities under the Freedom of
information Act and the Environmental Information Regulations very
seriously, and strives to respond to any requests made under this
legislation within the statutory timescales. Please be assured that your
experience in this case is not reflective of the Council’s attitude
towards access to information and transparency, and any future requests
that you submit to us will be responded to appropriately and promptly.

 

Yours sincerely

 

Worcester City Council

 

 

STAY ALERT > CONTROL THE VIRUS > SAVE LIVES

 

 

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Worcester City Council - delivering excellent services for Worcester

 

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References

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1. https://selfserve.worcester.gov.uk/infor...
2. http://www.worcester.gov.uk/

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