Cash-strapped council dumps LOBO loan

By Paul Marinko | 09 August 2021

Cash-strapped Liverpool City Council is to swap £65m of loans for £107m of debt in order to cut interest payments.

While the council hopes to save £18m in the long term it will initially have to fork out £42m in order to pay an early repayment premium on the loans with Commerzbank.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Finance Loans

Coronavirus Update


In light of the ongoing coronavirus crisis, some of you may not be able to receive your copy of TheMJ magazine. If you’d like to change your delivery address, please contact our subscriptions department at
Read The MJ for free

Keep up to date by subscribing to our daily newsletter

theMJ products