Barclays restructures £5bn Lobo loans portfolio

By Max Bower
20 Jun 2016

Barclays has restructured a book of controversial local authority and housing association loans to waive its rights to amend the interest rates on the loans at given periods.

It is understood the total size of the Barclays loan book is around £5bn.

The book comprises over 100 Lender Option Borrower Option (Lobo) loans. These loans allow the lender to amend the interest rate on the facility at a certain time, and the borrower to fully repay ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.