Dear Glasgow City 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

Customer Care Centre, Glasgow City Council

New Service Request was submitted: RQST00006863180
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Dickson, John (Revenues), Glasgow City Council

1 Attachment

Financial Services

Glasgow City Council

City Chambers,

Glasgow G2 1DU

Phone 0141 287 8186

Fax 0141 287 9568

Email:
[1][email address]

 

Our RQST
Ref 6863180

 

27 February 2019

 

Ms N Dunbar

 

 

Email :  [FOI #550212 email]

 

 

 

Dear Ms Dunbar,

Request under the Freedom of Information (Scotland) Act 2002

 

Thank you for your email received on 5 February 2019 requesting that the
following information be provided to you:

 

“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”

 

The Council is treating your request as a request under the Freedom of
Information (Scotland) Act 2002.

 

The information you have requested is as follows ;

 

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

 

Ø  None

 

 

2)    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

 

Ø  No LOBOs have been refinanced

 

The Council accordingly feels that it has complied with your request.
However, should you be dissatisfied with the way Glasgow City Council has
dealt with your request you are entitled to require the Council to review
its decision. Please note that for a review to take place you must:

 

·         Lodge a written requirement for a review within 40 working days
of the date of this letter

·         Include a correspondence address and a description of the
original request and the reason why you are dissatisfied

·         Address your request to the ;

 

Director of Governance and Solicitor to the Council

Glasgow City Council

City Chambers

George Square

Glasgow G2 1DU

 

Email: [2][email address]

 

You will receive notice of the results of the review within 20 working
days of receipt of your request. The notice will state the decision
reached by the reviewing officer as well as details of how to appeal to
the Scottish Information Commissioner if you are still dissatisfied with
the Council’s response. You must request an internal review by the Council
before a complaint can be directed to the Scottish Information
Commissioner. For your information at this stage, an appeal can be made to
the Scottish Information Commissioner by contacting her office as follows
if you do remain dissatisfied with the outcome of the Council’s review
decision -

 

Address: Kinburn Castle, Doubledykes Road, St Andrews, KY16 9DS.

Email: [3][email address]

Telephone: 01334 464610

You can also use the Scottish Information Commissioner’s online appeal
service to make an application for a decision:

[4]www.itspublicknowledge.info/appeal

 

Please note that you cannot make an appeal to the Scottish Information
Commissioner until you have first requested an internal review by the
Council.

.

If you wish to submit a complaint to the Council in relation to the manner
in which it has handled your request for information then you can do by
requesting that the Council review its decision. Details of how to request
a review are set out in the above paragraph “Right of Review”.

 

Yours sincerely

 

 

John Dickson

Executive Compliance Officer

Financial Services

Glasgow City Council

 

Glasgow - UK Council of the Year 2015
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