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PWLB

Public Works Loan Board

Technical Notes

The Board's interest rates are determined by HM Treasury in accordance with section 5 of the National Loans Act 1968. In practice, rates are set by the DMO on HM Treasury's behalf in accordance with agreed procedures and methodologies which are described in a DMO PDF Technical Note (53KB) last updated on 8 May 2017.

Previous Technical Notes

TitleSizeDate Published
PDFTechnical Note which supersedes the version of 1 November 2013 and sets out the methodology for calculation of interest rates on PWLB and NLF Fixed Rate loans and PWLB Variable Rate loans.
53KB
17 Nov 2015
PDFTechnical Note which supersedes the version of 21 December 2012 and sets out the methodology for calculation of interest rates on PWLB and NLF Fixed Rate loans and PWLB Variable Rate loans.
48KB
1 Nov 2013
PDFTechnical Note which supersedes the version of 1 November 2012 and sets out the methodology for calculation of interest rates on PWLB and NLF Fixed Rate loans and PWLB Variable Rate loans.
41KB
21 Dec 2012
The first version of a DMO PDFTechnical Note setting out the methodology for calculation of interest rates on PWLB and NLF Fixed Rate loans and PWLB Variable Rate loans. This supersedes Circular 151 issued 1 May 2012.
104KB
1 Nov 2012

Premium & Discount Calculations

The Board has provided guidance regarding the calculations applied to the premature repayment of a loan with the PWLB.

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