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Research for Action

Dear Croydon 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, Croydon Borough Council

 

Dear Ms Rogers

 

Freedom of Information Request

 

Thank you for your recent request.

 

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Steven Borg

FOI Co-ordinator

Croydon Council

 

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Research for Action

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

Information, Croydon Borough Council

Dear Sir/Madam,

Apologies for the delay in responding to your FOI request.

Please find original request in email below.

We are reviewing outstanding FOI requests with us.

We felt that your request need to be revisited.

Can you consider these options:

1) Wish your original request to be processed, as is;
2) Wish to submit a revised request;
3) Wish to withdraw your request entirely?

Could you respond to us within 14 days from the date on this email, otherwise we will consider this matter closed.

Kind regards,

Information Team

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