Dear Wirral Metropolitan Borough Council,

How much of your LOBO debt has been repaid and refinanced with PWLB debt?

Please list the LOBO loans that have been refinanced by counterparty, notional amount, original maturity and date of restructuring. Please disclose the break cost paid to the counterparty and the discount rate used in the valuation. Please disclose any additional PWLB borrowing undertaken to finance the restructuring including the maturities and coupon rates of new PWLB loans. Please disclose the name of any third-party adviser used on the restructuring.

Yours faithfully,

N Dunbar

InfoMgr, FinDMT, Wirral Metropolitan Borough Council

Dear Sir/Madam

 

Thank you for your recent request made under the Freedom of Information
Act in which you asked:

 

“How much of your LOBO debt has been repaid and refinanced with PWLB debt?

 

Please list the LOBO loans that have been refinanced by counterparty,
notional amount, original maturity and date of restructuring. Please
disclose the break cost paid to the counterparty and the discount rate
used in the valuation. Please disclose any additional PWLB borrowing
undertaken to finance the restructuring including the maturities and
coupon rates of new PWLB loans. Please disclose the name of any
third-party adviser used on the restructuring.”

 

Please find response Wirral Council can provide as follows:

 

None of the Council’s LOBO debt has been repaid and refinanced with PWLB
debt.

 

 

We trust that this information answers your enquiries.

 

Yours sincerely,

 

 

 

Tracy O'Hare

Information Management Officer

Business Management

Treasury Building

Argyle Street

Birkenhead
Wirral
CH41 1AH

[1]Tel:0151 691 8397

[2][Wirral Borough Council request email]

 

 

 

 

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