Restructuring of LOBO loans
Dear Ashfield District Council,
A. How many LOBO loans (number of loans and total principal) has the council restructured, refinanced or for which the terms of the contracts have changed since 2015.
B. For such loans please provide a spreadsheet with the following information (a row for each loan and each parameter listed in a separate column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed into fixed rate loan by removing the option, or loan was repaid with a new bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing
C. Please provide copies of new contracts and any other official documents related to the restructuring/refinancing
D. Please provide invoices for the broker fees for the restructuring/refinancing
Yours faithfully,
Ludovica Rogers
Ashfield District Council
Request for Information
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Information Officer
Ashfield and Mansfield Legal Services
Ashfield District Council
Urban Road
Kirkby-in-Ashfield
Nottinghamshire
NG17 8DA
Tel: 01623 457332
From: Research for Action <[FOI #562499 email]>
Sent: 18 March 2019 14:25
To: foi <[Ashfield District Council request email]>
Subject: Freedom of Information request - Restructuring of LOBO loans
This message originated from outside your organization
Dear Ashfield District Council,
A. How many LOBO loans (number of loans and total principal) has the
council restructured, refinanced or for which the terms of the contracts
have changed since 2015.
B. For such loans please provide a spreadsheet with the following
information (a row for each loan and each parameter listed in a separate
column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the
refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed
into fixed rate loan by removing the option, or loan was repaid with a new
bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if
applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing
C. Please provide copies of new contracts and any other official documents
related to the restructuring/refinancing
D. Please provide invoices for the broker fees for the
restructuring/refinancing
Yours faithfully,
Ludovica Rogers
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Good afternoon
Please see attached response
Kind regards
Vicky Knapp
Information Officer
Ashfield and Mansfield Legal Services
Ashfield District Council
Urban Road
Kirkby-in-Ashfield
Nottinghamshire
NG17 8DA
Tel: 01623 457332
From: Research for Action <[FOI #562499 email]>
Sent: 18 March 2019 14:25
To: foi <[Ashfield District Council request email]>
Subject: Freedom of Information request - Restructuring of LOBO loans
This message originated from outside your organization
Dear Ashfield District Council,
A. How many LOBO loans (number of loans and total principal) has the
council restructured, refinanced or for which the terms of the contracts
have changed since 2015.
B. For such loans please provide a spreadsheet with the following
information (a row for each loan and each parameter listed in a separate
column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the
refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed
into fixed rate loan by removing the option, or loan was repaid with a new
bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if
applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan
(if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing
C. Please provide copies of new contracts and any other official documents
related to the restructuring/refinancing
D. Please provide invoices for the broker fees for the
restructuring/refinancing
Yours faithfully,
Ludovica Rogers
-------------------------------------------------------------------
Please use this email address for all replies to this request:
[1][FOI #562499 email]
Is [2][Ashfield District Council request email] the wrong address for Freedom of Information
requests to Ashfield District Council? If so, please contact us using this
form:
[3]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:
[4]https://www.whatdotheyknow.com/help/offi...
For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:
[5]https://www.whatdotheyknow.com/help/ico-...
Please note that in some cases publication of requests and responses will
be delayed.
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.
Dear Vicky Knapp,
Thank you for the information provided.
Please can you confirm that no brokers or advisors were involved in the re-negotiation of the Barclays loans?
Can you also please provide the official document that indicates that the LOBO loan has been changed to a fixed rate loan as requested in question C.
Kind regards,
Ludovica Rogers
Good morning
Your query has been forwarded on to the department for their response. I
will reply in due course.
Kind regards
Vicky Knapp
Information Officer
Ashfield and Mansfield Legal Services
Ashfield District Council
Urban Road
Kirkby-in-Ashfield
Nottinghamshire
NG17 8DA
Tel: 01623 457332
From: Research for Action <[FOI #562499 email]>
Sent: 27 March 2019 21:48
To: foi <[Ashfield District Council request email]>
Subject: Re: Reply 4960
This message originated from outside your organization
Dear Vicky Knapp,
Thank you for the information provided.
Please can you confirm that no brokers or advisors were involved in the
re-negotiation of the Barclays loans?
Can you also please provide the official document that indicates that the
LOBO loan has been changed to a fixed rate loan as requested in question
C.
Kind regards,
Ludovica Rogers
Good afternoon
Please see attached
Kind regards
Vicky Knapp
Information Officer
Ashfield and Mansfield Legal Services
Ashfield District Council
Urban Road
Kirkby-in-Ashfield
Nottinghamshire
NG17 8DA
Tel: 01623 457332
From: Research for Action <[FOI #562499 email]>
Sent: 27 March 2019 21:48
To: foi <[Ashfield District Council request email]>
Subject: Re: Reply 4960
This message originated from outside your organization
Dear Vicky Knapp,
Thank you for the information provided.
Please can you confirm that no brokers or advisors were involved in the
re-negotiation of the Barclays loans?
Can you also please provide the official document that indicates that the
LOBO loan has been changed to a fixed rate loan as requested in question
C.
Kind regards,
Ludovica Rogers
Dear Vicky Knapp,
Thank you for providing all the information requested.
Kind regards,
Ludovica Rogers
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