Research for Action

Dear Gwynedd 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

Gwynedd Council

Rhyddid Gwybodaeth / Freedom of Information

Dear Ludovica Rogers,

Freedom of Information (ref 1047)

Thank you for your recent request under the Freedom of Information Act
2000.

Your request has been passed to me to process and I can confirm that it
has been logged under the reference number 1047.

The Council may take up to 20 working days, from the date of receipt, to
respond to your request. You should therefore receive the information you
have requested, subject to the application of any exemptions permitted
under the Act, by 15/04/2019. If you require further information please
contact me by phone on 01286 679809 or by emailing
[1][email address].cymru by quoting the reference number above.

Yours sincerely,
Gwawr Owen

References

Visible links
1. mailto:[email address].cymru

Rhyddid Gwybodaeth,

2 Attachments

Rhyddid Gwybodaeth / Freedom of Information

Dear Ludovica Rogers,

Freedom of Information (ref 1047)

Thank you for your recent request. Please see below and attached for the
information requested:

 

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? 1

 

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)? See attached Spreadsheet entitled T1047 LOBO Restructure

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. See attached T1047 Documents

 

D. Please provide invoices for the broker fees for the
restructuring/refinancing. There were no costs involved, so there’s no
invoices.

 

 

Please note that where information is subject to copyright belonging to
the Council, you will need to obtain the permission of the Council to
re-use it for purposes other than private study or non-commercial
research. The Council may charge for re-use. Where third party copyright
material is disclosed, you must obtain permission to re-use from the
copyright holders concerned.

 

Complaints

 

If you are unhappy with the way the Council has handled your request, you
may ask for an internal review. Please contact me if you require an
internal review of your case. An internal review will be conducted by the
Monitoring Officer or Head of Service and we will aim to respond within 20
working days. However, if we are unable to complete the review by this
date, we will advise you accordingly.

 

If you are not content with the outcome of the internal review, you have
the right to apply directly to the Information Commissioner for a
decision. Please see below for the contact details:

 

Information Commissioner’s Office

2^nd Floor

Churchill House

Churchill Way

Cardiff

CF102HH

 

Telephone: 02920 678400

Email: [1][email address]

Fax: 02920 678399

Yours sincerely,
Gwawr Owen

References

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1. blocked::mailto:[email address] mailto:[email address]
mailto:[email address]

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