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.

Yours faithfully,

N Dunbar

InformationRights, Walsall Metropolitan Borough Council

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
charges. 

 

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
again.

 

In the meantime, if you need to contact me about your request, please do
so quoting the above reference number.

 

Yours sincerely

 

 

Fakhara Qanwal

 

InformationRights, Walsall Metropolitan Borough Council

Dear Mr Dunbar,

 

Freedom of Information Request RFI0224/19

 

Further to your request for information about LOBO Loan Restructuring, I
can tell you the following:

 

Current Treasury records show there have been no instances where LOBO debt
has been repaid and refinanced with PWLB debt.

 

Most of the information that we provide in response to Freedom of
Information Act 2000 and Environmental Information Regulations 2004
requests will be subject to copyright protection.  In most cases the
copyright will be owned by Walsall Council. The copyright in respect of
other information may be owned by another person or organisation, as
indicated.

 

You are free to use any information supplied to you in response to this
request for your own non-commercial research or private study purposes.
The information may also be used for any other purpose allowed by a
limitation or exception in copyright law, such as news reporting.
 However, any other type of re-use, for example by publishing the
information in analogue or digital form, including on the internet, will
require the permission of the copyright owner.

 

I hope that the information provided is useful to you. However, if you are
dissatisfied, you should set out in writing your grounds for complaint and
send to: Corporate Assurance Manager, Resources & Transformation, Civic
Centre, Darwall Street, Walsall, WS1 1TP.

 

If you are not content with the outcome of your complaint, you may apply
directly to the Information Commissioner’s Office (ICO) for a decision.
Please remember that, generally, the ICO cannot make a decision unless you
have first exhausted the complaints procedure provided by the council. The
Information Commissioner can be contacted at: The Information
Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9
5AF. [1]https://ico.org.uk/global/contact-us/

 

Kind Regards

 

Emma E Thomas

 

Assurance Officer

Assurance Team, Resources & Transformation

Walsall Metropolitan Borough Council

3rd Floor (HR Suite), Civic Centre, Darwall Street, Walsall, WS1 1DG

Tel: 01922 65 2374      

Email: [2][email address]

Web: [3]www.walsall.gov.uk

 

From: Fakhara Qanwal On Behalf Of InformationRights
Sent: 08 February 2019 14:50
To: '[FOI #550954 email]'
Subject: YOUR FOI REQUEST - RFI0224/19 re: LOBO Loan 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
charges. 

 

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
again.

 

In the meantime, if you need to contact me about your request, please do
so quoting the above reference number.

 

Yours sincerely

 

 

Fakhara Qanwal

 

References

Visible links
1. https://ico.org.uk/global/contact-us/
2. mailto:[email address]
3. http://www.walsall.gov.uk/
http://www.walsall.gov.uk/

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