Decision details
Premature repayment of PWLB Borrowing
Decision Maker: Chief Executive (Head of Paid Service)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
To prematurely repay the £15,499.000 of
external borrowing held by the Council with the Public Works Loan
Board at a discount of £6,472,430 leaving a balance of
£9,031,570 to be paid
Alternative options considered:
Other options considered but not taken:
Not prematurely repay the borrowing and retain the cheap rate
borrowing
To prematurely repay part of the borrowing with a view to securing
a larger discount
Publication date: 06/11/2023
Date of decision: 05/11/2023
Accompanying Documents:
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