LOBO loans

The request was successful.

Dear Shropshire Council,

1) Do you have LOBO loans on your book? If so, how many?
2) If so, what were the respective counterparties?
3) Please provide the initial interest rate and the principal.

Yours faithfully,

R. Wangemann

FOI, Shropshire Council

Dear Mr Wangemann

 

Thank you for your request for information received on 15/08/20190.  We
are currently processing your request in accordance with the relevant
legislation.

 

You have requested details regarding LOBO loans.

 

(Please note this may be a summary of your request and full details, as
outlined in the request, will be sent to the team providing the response.)

 

If you feel the information is inaccurate or requires amendment, please
notify us as soon as possible using the contact details provided below. 

 

Yours sincerely

 

Information Governance Team

Shropshire Council

Shirehall

Abbey Foregate

SHREWSBURY

SY2 6ND

 

Tel:                  01743 252179 / 252774 / 252747

Email:             [Shropshire Council request email]

Web:               [1]www.shropshire.gov.uk/access-to-information

 

 

References

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1. http://www.shropshire.gov.uk/access-to-i...

James Walton, Shropshire Council

Further to your recent request, please see our response below.

1) Do you have LOBO loans on your book? If so, how many?

There are currently 8 LOBO loans on Shropshire Council's book

2) If so, what were the respective counterparties?

See 3 below

3) Please provide the initial interest rate and the principal.

FMS Wertmanagement4.27%£5.35m
Dexia4.27%£5.15m
Dexia4.26%£5.70m
Dexia3.83%£5.00m
Dexia4.08%£6.00m
Dexia4.11%£5.00m
RBS4.05%£10.00m
RBS4.02%£7.00m

James Walton
Head of Finance, Governance and Assurance (Section 151 Officer)

Finance, Governance and Assurance
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
Shropshire
SY2 6ND

Tel: 0174 325 8915
[mobile number]
Email: [email address]
Web: www.shropshire.gov.uk

Chief Financial Officer (Section 151 Officer): Shropshire Council
Pension Scheme Administrator: Shropshire County Pension Fund
Treasurer: Shropshire and Wrekin Fire Authority
Treasurer: West Mercia Energy
Treasurer: Marches LEP

Dear James Walton,

thank you very much for your answer. What were the respective dates the LOBOs were signed?

Yours sincerely,

R. Wangemann

James Walton, Shropshire Council

James Walton is out of the office from 28 August to 1 September inclusive
and is back at work on 4 September 2017.

 

James will respond to your email upon return.  If the matter is urgent,
please contact Sam Davies, [email address], or tel: 01743
257775.

James Walton, Shropshire Council

Further to your further email, please see below the dates requested:

FMS Wertmanagement4.27%£5.35m07/03/07
Dexia4.27%£5.15m06/03/07
Dexia4.26%£5.70m06/03/07
Dexia3.83%£5.00m06/03/07
Dexia4.08%£6.00m21/01/08
Dexia4.11%£5.00m21/01/08
RBS4.05%£10.00m26/11/09
RBS4.02%£7.00m26/11/09

James Walton
Head of Finance, Governance and Assurance (Section 151 Officer)

Finance, Governance and Assurance
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
Shropshire
SY2 6ND

Email: [email address]
Web: www.shropshire.gov.uk

Chief Financial Officer (Section 151 Officer): Shropshire Council
Pension Scheme Administrator: Shropshire County Pension Fund
Treasurer: Shropshire and Wrekin Fire Authority
Treasurer: West Mercia Energy
Treasurer: Marches LEP

Dear James Walton,

thank you for the information!

Yours sincerely,

R. Wangemann