Research for Action

Dear Bedford Borough 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

Freedom of Information, Bedford Borough Council

Thank you for your e-mail requesting information under the Freedom of
Information Act 2000 / Environmental Information Regulations 2004.

 

We will proceed with the request which we received today. It is our
intention to have the information delivered to you as soon as possible
otherwise within the statutory 20 working days.

 

In consideration of the request, which may be subject to any exemptions/
exceptions the Council may rely on to refuse the request, some of which
are absolute and some of which only apply where the public interest in
maintaining the exemption/exception outweighs that in disclosing the
information.

 

 

Please note that should you be requesting information under the
Environmental Information Regulations although we provide free access to a
wide range of information through our website, access to any public
registers which we hold and for inspecting information at our offices, we
are allowed to charge you a reasonable fee for providing certain
information.  If applicable, we will issue you with a fee notice.  This
will detail the tasks involved in responding to the request, and
associated costs.  Further information is available on the EIR page of
Bedford Borough Council’s website at the following link:

 

[1]http://www.bedford.gov.uk/council_and_de...

  

 

Please note that once a response has been forwarded to you an anonymised
summary of all requests appear on the Bedford Borough website at the
following link:

[2]http://www.bedford.gov.uk/council_and_de...
Our current practise is that the information will be available to view on
the web for 2 years.

 

Any future correspondence you may have with the Council in relation to
this matter should be emailed to [3][Bedford Borough Council request email] .

 

Any emails containing personal or sensitive data will be sent as ‘secure
e-mails’.  In order for you to access a secure email you will be asked to
create an account and log into the Council’s secure e-mail reply service. 
If you do receive a secure email there will be instructions explaining how
to do this.

 

 

 

 

References

Visible links
1. http://www.bedford.gov.uk/council_and_de...
2. http://www.bedford.gov.uk/council_and_de...
3. mailto:[Bedford Borough Council request email]

Rupee Baga, Bedford Borough Council

Bedford BC - OFFICIAL-Unsecure

 

Dear Ms Rogers

 

Request pursuant to Freedom of Information Act 2000 – Request No. FOI
13849

 

I refer to your recent enquiry for information held by the Council. 

 

Under the provisions of the Freedom of Information Act, the authority must
state whether or not the information exists and I confirm that we do hold
the information you requested.

 

Please find the information you requested detailed next to your request
below.

 

 

The information supplied to you continues to be protected by the
Copyright, Designs and Patents Act 1988. You are free to use it for your
own purposes, including any non-commercial research you are doing and for
the purposes of news reporting. Any other re-use, for example commercial
publication, would require the permission of the copyright holder.  For
further information regarding Re-use of Public Sector information please
see link below

 

If after viewing the information you are for whatever reason unhappy with
our response to your application you are entitled to pursue any
dissatisfaction through the Council's Internal Review Procedure.  Pursuant
to Section 17 (7) of the Act the procedure provided by the Council for
dealing with complaints about the determination of this request for
information is the Council’s FOI Complaints Procedure, a copy of which can
be obtained on request or is set out at: 
http://www.bedford.gov.uk/council_and_de...

 

Yours sincerely

 

Rupee Baga - Business Management Support Officer supporting

Andy Watkins - Assistant Chief Executive (Enabling Services)

Bedford Borough Council

Room 336

Borough Hall

Cauldwell Street

Bedford MK42 9AP

Direct Dial (01234 718241 (Ext 47241)

Email: [email address]

Website: www.bedford.gov.uk

 

--------------------------------------------------------------------------

From: Research for Action
[mailto:[FOI #562504 email]]

Sent: 18 March 2019 14:26

To: Freedom of Information

Subject: Freedom of Information request - Restructuring of LOBO loans

 

Dear Bedford Borough 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.

 

Bedford Borough Council have restructured, refinanced or changed terms on
none of our LOBO's.

 

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:

[FOI #562504 email]

 

Is [Bedford Borough Council request email] the wrong address for Freedom of
Information requests to Bedford Borough Council? If so, please contact us
using this form:

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:

https://www.whatdotheyknow.com/help/offi...

 

For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:

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.

 

 

-------------------------------------------------------------------

 

Information security classification of this email: OFFICIAL-Internal

 

EMAIL CLASSIFICATION DEFINED:

*** OFFICIAL-INTERNAL: This message is intended for internal recipients
only.

*** OFFICIAL-UNSECURE:  This message and any attached file(s) do not
contain personal or sensitive information which requires it to be sent
encrypted.

*** OFFICIAL-SECURE: Either this message or any attached file contains
either personal or commercially sensitive information that requires it to
be sent encrypted.

 

All email traffic may be subject to recording and/or monitoring in
accordance with relevant legislation. This email and any attached file are
the property of Bedford Borough Council. Any opinions expressed in this
mail do not necessarily reflect the opinions of Bedford Borough Council.

Bedford Borough Council is continuously working towards the requirements
of the Public Sector Network and Data Protection legislation.  Data
Subjects may exercise their information rights by contacting
[email address].

 

 

Information security classification of this email: OFFICIAL-Unsecure

 

EMAIL CLASSIFICATION DEFINED:

*** OFFICIAL-INTERNAL: This message is intended for internal recipients
only.

*** OFFICIAL-UNSECURE:  This message and any attached file(s) do not
contain personal or sensitive information which requires it to be sent
encrypted.

*** OFFICIAL-SECURE: Either this message or any attached file contains
either personal or commercially sensitive information that requires it to
be sent encrypted.

 

All email traffic may be subject to recording and/or monitoring in
accordance with relevant legislation. This email and any attached file are
the property of Bedford Borough Council. Any opinions expressed in this
mail do not necessarily reflect the opinions of Bedford Borough Council.

Bedford Borough Council is continuously working towards the requirements
of the Public Sector Network and Data Protection legislation.  Data
Subjects may exercise their information rights by contacting
[email address].

 

Looking for an EU Authority?

You can request documents directly from EU Institutions at our sister site AskTheEU.org . Find out more .

AskTheEU.org