LOBO loans

The request was partially successful.

Dear Manchester City Council,

1. How many Lender Option Borrower Option (LOBOs) contracts do you
have on your books?

2. When were they signed? and by whom?

3. With which financial institutions were they taken out?

4. Who advised the council to enter the LOBO(s)?

5. Since each Contract has been signed, has the lender exercised
their option and changed the interest rate?

6. If so, please specify the dates of the interest rate changes and
the revised interest rates.

7. Please provide a copy of the original, signed LOBO agreements.

Yours faithfully,

Fanny Malinen

Manchester City Council

Dear Sir/Madam

Re: Request for Information - Reference No: COR/9UBJKQ

Thank you for your request for information received by Manchester City
Council on 4 March 2015.

Please note that it may take up to 20 working days (approximately 4 weeks)
for the Council to consider your request and to provide a formal response.

If this timescale needs to be extended to consider an exemption you will be
notified and kept informed.

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

Yours faithfully

Information Compliance Unit
Democratic Services
PO Box 532
Town Hall
Albert Square
Manchester
M60 2LA

Email: [Manchester City Council request email]
Website: www.manchester.gov.uk




Fanny Malinen To
<request-256618-942514a5@whatdothe FOI requests at Manchester City Council
yknow.com> <[Manchester City Council request email]>
cc
04/03/2015 16:02
Subject
Freedom of Information request - LOBO loans

Dear Manchester City Council,

1. How many Lender Option Borrower Option (LOBOs) contracts do you
have on your books?

2. When were they signed? and by whom?

3. With which financial institutions were they taken out?

4. Who advised the council to enter the LOBO(s)?

5. Since each Contract has been signed, has the lender exercised
their option and changed the interest rate?

6. If so, please specify the dates of the interest rate changes and
the revised interest rates.

7. Please provide a copy of the original, signed LOBO agreements.

Yours faithfully,

Fanny Malinen

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Manchester City Council

3 Attachments

Dear Ms Malinen,

Please find attached the response to your Freedom of Information request.

(See attached file: FOI Request COR9UBJKQ response.pdf)(See attached file:
FOI COR9UBJKQ V3.xls)(See attached file: Treasury FOIA (MCC)v2.pdf)

Thanks

Tim

Tim Seagrave CPFA & Cert ITM-PF
Finance Lead - Capital & Treasury Management
Strategic Finance & Accountancy
Tel: 0161 234 3445 (internal 801 33445)
Fax: 0161 274 7013

Manchester City Council
Strategic Planning
Corporate Services
Room 102, PO Box 532, Town Hall, Albert Square
Manchester M60 2LA

[email address]
www.manchester.gov.uk

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Dear Manchester City Council,

1. How many Lender Option Borrower Option (LOBOs) contracts do you
have on your books?

2. When were they signed? and by whom?

3. With which financial institutions were they taken out?

4. Who advised the council to enter the LOBO(s)?

5. Since each Contract has been signed, has the lender exercised
their option and changed the interest rate?

6. If so, please specify the dates of the interest rate changes and
the revised interest rates.

7. Please provide a copy of the original, signed LOBO agreements.

Yours faithfully,

Fanny Malinen

-------------------------------------------------------------------

Please use this email address for all replies to this request:
[FOI #256618 email]

Is [Manchester City Council request email] the wrong address for Freedom of
Information requests to Manchester City Council? If so, please contact us
using this form:
https://www.whatdotheyknow.com/change_re...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
https://www.whatdotheyknow.com/help/offi...

If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

-------------------------------------------------------------------

**********************************************************************
This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. The full text of the Council's email disclaimer is available at http://www.manchester.gov.uk/emaildiscla....
This footnote also confirms that this email message has been swept for the presence of computer viruses.
Please contact [email address] with any queries.

**********************************************************************

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