Labour run Liverpool City Region Combined Authority has £166,120,000 invested in banks despite Labour councillor comparing bankers to “train robbers”
Liverpool City Region Combined Authority Investment List
| Borrower | Principal (£) | Interest Rate | Start Date | Maturity Date | Lowest Long Term Rating |
Historic Risk of Default |
|---|---|---|---|---|---|---|
| National Westminster Bank | 4,050,000 | 0.50% | Call | BBB+ | 0.001% | |
| Bank of Scotland PLC | 10,935,000 | 0.60% | Call | A | 0.000% | |
| Barclays Bank PLC | 30,126,000 | 0.25% | Call | A | 0.000% | |
| Barclays Bank PLC | 10,009,000 | 1.25% | Call | A | 0.000% | |
| Bank of Scotland PLC | 5,000,000 | 1.10% | 07/01/2014 | 06/01/2015 | A | 0.001% |
| Treasury Bill | 10,000,000 | 0.47% | 14/07/2014 | 12/01/2015 | AA+ | 0.001% |
| Santander UK PLC | 5,000,000 | 0.72% | 01/08/2014 | 26/02/2015 | A | 0.014% |
| Barclays Bank PLC | 20,000,000 | 0.89% | 07/03/2014 | 05/03/2015 | A | 0.015% |
| Birmingham City Council | 5,000,000 | 0.52% | 08/09/2014 | 09/03/2015 | AA+ | 0.003% |
| Bank of Scotland PLC | 4,000,000 | 0.65% | 12/12/2014 | 12/03/2015 | A | 0.017% |
| Santander UK PLC | 5,000,000 | 0.72% | 01/08/2014 | 19/03/2015 | A | 0.019% |
| Bank of Scotland PLC | 10,000,000 | 0.82% | 14/08/2014 | 26/03/2015 | A | 0.020% |
| Santander UK PLC | 5,000,000 | 0.73% | 31/07/2014 | 26/03/2015 | A | 0.020% |
| PCC for Greater Manchester | 5,000,000 | 0.45% | 29/12/2014 | 30/03/2015 | AA+ | 0.004% |
| Midlothian Council | 5,000,000 | 0.48% | 29/12/2014 | 30/03/2015 | AA+ | 0.004% |
| Lloyds Bank PLC | 7,000,000 | 0.80% | 28/11/2014 | 29/05/2015 | A | 0.035% |
| Treasury Bill | 10,000,000 | 0.47% | 01/12/2014 | 01/06/2015 | AA+ | 0.007% |
| Bank of Scotland PLC | 10,000,000 | 1.08% | 14/08/2014 | 13/08/2015 | A | 0.053% |
| Bank of Scotland PLC | 10,000,000 | 1.08% | 18/08/2014 | 17/08/2015 | A | 0.054% |
| Lloyds Bank PLC | 10,000,000 | 1.15% | 31/10/2014 | 01/10/2015 | A | 0.065% |
| Nationwide Building Society | 10,000,000 | 0.98% | 17/10/2014 | 16/10/2015 | A | 0.069% |
| Bank of Scotland PLC | 10,000,000 | 1.15% | 07/11/2014 | 06/11/2015 | A | 0.074% |
| Total Investments | £201,120,000 | 0.75% | 0.022% |
Above is a table of the £201,120,000 the Liverpool City Region Combined Authority had invested. It’s part of Capita Treasury Solutions’ December 2014 “Monthly Investment Analysis Review” for the Liverpool City Region Combined Authority which is part of the papers for a meeting of the Liverpool City Region Combined Authority Audit Committee and accompanies this report. Continue reading “Labour run Liverpool City Region Combined Authority has £166,120,000 invested in banks despite Labour councillor comparing bankers to "train robbers"”