LOBO loan restructuring

The request was successful.

Dear Neath Port Talbot County 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

FOI Team, Neath Port Talbot County Borough Council

Thank you for your Freedom of Information request received 26th February 2019.

We are generally required by the Freedom of Information Act 2000 to provide you with a response promptly, and within no more than 20 working days of receipt of a request, which will be on or before 26th March 2019.

If we require any clarification or further details we will contact you as soon as possible, if this is the case then the timescale for response specified above may be subject to change.

If you have any queries, please do not hesitate to contact this team.

FOI Team
[Neath Port Talbot County Borough Council request email]

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FOI Team, Neath Port Talbot County Borough Council

Dear Sir/Madam,

I refer to your Freedom of Information request received today, 26th February 2019.

Neath Port Talbot County Borough Council has not repaid and refinanced any LOBO debt with PWLB debt.

If you are dissatisfied with the response to your request, under the Authority's FOI Policy, you may appeal in writing setting out the reasons why you think the decision is erroneous, to the Authority's Monitoring Officer at the following address:-

Head of Legal Services & Monitoring Officer Civic Centre Port Talbot
SA13 1PJ
FOI Team
[Neath Port Talbot County Borough Council request email]

In the event that you appeal and are dissatisfied with that response, you may then appeal direct to the Information Commissioner, whose address is:

Wycliffe House,
Water Lane,
Wilmslow,
SK9 5AF.

Yours faithfully
FOI Team
[Neath Port Talbot County Borough Council request email]

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