In the latest twist to a long running saga, Newham Council has reached an out of court settlement with Barclays Bank to end litigation relating to a dispute regarding Lender Option Borrower Option (...
The London Borough of Newham has reached an out-of-court settlement with Barclays Bank over alleged rigging of borrowing rates on lender option borrower option (LOBO) loans, a deal...
Liverpool City Council has completed the refinancing of £65m of ‘lender option borrower option’ (LOBO) loans with borrowing from the Public Works Loan Board.
Suffolk County Council has used Public Works Loan Board borrowing to repay £30m of ‘lender option, borrower option’ loans, but expects to deliver real terms savings of £6.4m.
Local authorities in the UK borrowed more than £1bn from the Public Works Loans Board last month, as demand returned to the facility following Covid-19.
A city council will take on £107m of debt to repay £65m of 'lender option, borrower option' loans, but still expects to save £18m over the life of the debt.
