LOBO loans

The request was successful.

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

Halton Borough Council

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.

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Halton Direct Link.

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Matt Guest, Halton Borough Council

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