Restructuring of LOBO loans
Dear Lincoln City 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
Dear Lincoln City Council,
The response to my FOI response is well overdue.
Can you please provide a response as soon as possible.
Kind regards,
Ludovica Rogers
Dear Madam
I confirm that the City of Lincoln Council received your request on 3 May 2019 and will respond within the statutory deadline of 4 June 2019.
With regards.
Karan Shearwood
Legal Officer
T 01522 873840
Dear City of Lincoln Council,
My FOI request "Restructuring of LOBO loans" was sent on 18 March 2019.
Please therefore respond as soon as possible to my request.
I have also sent another FOI request on 3 May 2019 titled "LOBO loan details for 2015/16 & 2018/19".
As the FOI requests are requesting different information and are a month and half a part, can you please confirm they are being dealt with a separate FOI request.
Kind regards,
Ludovica Rogers
Dear Madam
FREEDOM OF INFORMATION ACT 2000 – INFORMATION REQUEST
I refer to your request for information concerning the above and confirm
that the Council has not restructured, refinanced or changed any terms of
contracts on our LOBO loans since 2015.
Please accept my apologies for the delay in responding.
If you wish to appeal against the handling of your request then please
contact the Freedom of Information Officer at the City of Lincoln Council,
City Hall, Beaumont Fee, Lincoln, LN1 1DB. Telephone 01522 873441 or
e-mail [1][Lincoln City Council request email].
If you remain unhappy you have right to complain to the Information
Commissioner at:-
Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow,
Cheshire, SK9 5AF.
Telephone: 0303 123 1113 (local rate) or 01625 545 745 (national rate) or
visit [2]www.ico.org.uk or email [3][email address].
With regards.
Please note that Freedom of Information Requests should be submitted via
our website at
[4]https://www.lincoln.gov.uk/lincoln/make-...
Karan Shearwood
Legal Officer
T 01522 873840
[5]City of Lincoln Council
City of Lincoln Council
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