Dear Walsall 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.
Dear N Dunbar,
Thank you for your request for information about LOBO Loan Restructuring,
which was received on 07 February 2019.
In accordance with provisions within Freedom of Information Act 2000, the
council will respond to your request within 20 working days, saying
whether we have the information that you want, and if there will be any
If, for any reason, we cannot provide you with the information, we will
tell you why. If we need to clarify your request, we will contact you
In the meantime, if you need to contact me about your request, please do
so quoting the above reference number.