Research for Action

Dear Greenwich 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

foi, Greenwich Borough Council

Dear Sir/Madam

 

Freedom of Information request:  FOI-25874

 

Thank you for your request dated 18 March 2019

 

Your request will be answered by 15 April 2019

 

If you have any queries about this request, please contact me, quoting the
reference number above.

 

Yours sincerely,

 

Jackie Jago

Head of Corporate Services

Corporate Services

Directorate of Communities & Environment

Royal Borough of Greenwich

 

' 020 8921 5044

*   Room 20 Basement The Town Hall, Wellington Street, London SE18 6PW

8 www.royalgreenwich.gov.uk

 

ü Please consider the environment before printing this email

 

 

 

show quoted sections

foi, Greenwich Borough Council

Dear Sir/Madam

 

Freedom of Information request:  FOI-25874

 

Thank you for your request dated 18 March 2019

 

Our response is as follows:

 

The Royal Borough of Greenwich have neither repaid nor refinanced any LOBO
loans.

 

If you have any queries about this correspondence, please contact me,
quoting the reference number above.

 

If you are not satisfied with our response to your request, you can ask
for an Internal Review.  Internal review requests must be submitted within
two months of the date of receipt of the response to your original
request.  If you wish to do this, please contact us in writing, setting
out why you are dissatisfied.

 

If you are not satisfied with the outcome of the Internal Review, you may
apply directly to the Information Commissioner (ICO) for a decision. 
Generally, the ICO cannot make a decision unless you have exhausted the
Internal Review procedure provided by the Council. You can contact the ICO
by emailing [1][email address], or by post at Customer Contact,
Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow,
SK9 5AF.

 

Yours sincerely,

 

Jackie Jago

Head of Corporate Services

Corporate Services

Directorate of Communities & Environment

Royal Borough of Greenwich

 

' 020 8921 5044

*   Room 20 Basement The Town Hall, Wellington Street, London SE18 6PW

8 www.royalgreenwich.gov.uk

 

ü Please consider the environment before printing this email

 

 

From: foi
Sent: 18 March 2019 14:36
To: 'Research for Action' <[FOI #562575 email]>
Cc: foi <[Greenwich Borough Council request email]>
Subject: FOI-25874: Freedom of Information request - Restructuring of LOBO
loans

 

Dear Sir/Madam

 

Freedom of Information request:  FOI-25874

 

Thank you for your request dated 18 March 2019

 

Your request will be answered by 15 April 2019

 

If you have any queries about this request, please contact me, quoting the
reference number above.

 

Yours sincerely,

 

Jackie Jago

Head of Corporate Services

Corporate Services

Directorate of Communities & Environment

Royal Borough of Greenwich

 

' 020 8921 5044

*   Room 20 Basement The Town Hall, Wellington Street, London SE18 6PW

8 www.royalgreenwich.gov.uk

 

ü Please consider the environment before printing this email

 

 

 

show quoted sections

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