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Research for Action

Dear Westminster 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

Westminster City Council

Information request
Our reference: 9412365

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

 
Dear Sir/Madam
 
Thank you for contacting Westminster City Council's Information Management
Team. 

Your query will be allocated for response, and someone will contact you
within 5 working days to confirm the details of your request. 

Please see the Council's website for further information on the Freedom of
Information Act
- [1]http://www.westminster.gov.uk/services/c...

Kind regards, 
 
Information Management Team
Westminster City Council
64 Victoria Street
London
SW1E 6QP
[Westminster City Council request email]
 
NOTE: Please do not edit the subject line when replying to this email.
 

References

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1. http://www.westminster.gov.uk/services/c...

Westminster City Council

Information request
Our reference: 9412365

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

 
Dear Sir/Madam,
 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 18 March
2019.
 
Request summary
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
 
We are dealing with your request under the Freedom of Information Act 2000
and we aim to send a response by 15 April 2019.
 
The Freedom of Information Act 2000 may restrict the release of some or
all of the information you have requested. We will carry out an assessment
and if any exemptions apply to some or all of the information then we
might not provide that information to you. We will inform you if this is
the case and advise you of your rights to request an internal review and
to complain to the Information Commissioner's Office.
 
We will also advise you if we cannot provide you with the information
requested for any other reason together with the reason(s) why and details
of how you may appeal (if appropriate).
 
Yours faithfully
 
 
The Information Management Team
 
NOTE: Please do not edit the subject line when replying to this email.
 

Research for Action

Dear Westminster City Council,
Your response to my FOI request is well overdue.
Please provide the information requested as soon as possible.
Kind regards,
Ludovica Rogers

Westminster City Council

2 Attachments

Information request
Our reference: 9412365

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

 
Dear Sir/Madam
 
Thank you for your request for information received on 18 March 2019.
 
Please find attached our response to your request.
 
I apologise for the delay in responding to your FOI request.

If you are dissatisfied with your response please send your Internal
Review request to the email address below

[1][email address]

 
Yours faithfully
 
 
Westminster City Council
Tel: 0207 641 3921
Email: [email address]
Web: [2]www.westminster.gov.uk
 
NOTE: Please do not reply to this email.
 

References

Visible links
1. mailto:[email address]
2. file:///tmp/www.westminster.gov.uk

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