LOBO loans
Dear Halton Borough Council,
1) Do you have LOBO loans on your book?
2) If so, how many and what was the principal of each LOBO?
3) What were the respective counterparties and the initial interest rates?
Yours faithfully,
R. Wangemann
Dear R Wangemann
Thank you for your Freedom of Information enquiry. The enquiry has been logged on our FOI tracking system and is being dealt with.
The case number is shown in the subject line of the e-mail.
Should you have any further queries please quote this reference number.
Please use [Halton Borough Council request email] for any further correspondence.
Thank You
Halton Direct Link.
Sent By UserID: 93
Mr Wangemann,
The answers to your Freedom of Information Request are shown below:
1 – Halton Borough Council has one LOBO loan
2 – The LOBO loan has a value of £10m
3 – The loan was originally Depfa Bank, but has subsequently transferred
to Commerzbank. The rate for the loan is 4.42% and has been since its
inception on 06/02/2006.
Thanks
Matt Guest
Matt Guest
Principal Finance Officer
Financial Management
Community & Resources
Halton Borough Council
0151 511 6249
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