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Borrowing from Public Works Loan Board Leasing costs with Cheyne

Cheyne rent charge % 3.4


Loan interest rate % 3 Estimated CPI % 2.5
Start of year Annual End of year Start of year Uplifted Cheyne
Year Balance £ Interest £ Repayment £ Balance £ Value CPI value £ rent £
1 50,000,000 1,500,000 2,163,119 49,336,881 50,000,000 0 50,000,000 1,700,000
2 49,336,881 1,480,106 2,163,119 48,653,869 50,000,000 1,250,000 51,250,000 1,742,500
3 48,653,869 1,459,616 2,163,119 47,950,366 51,250,000 1,281,250 52,531,250 1,786,063
4 47,950,366 1,438,511 2,163,119 47,225,758 52,531,250 1,313,281 53,844,531 1,830,714
5 47,225,758 1,416,773 2,163,119 46,479,412 53,844,531 1,346,113 55,190,645 1,876,482
6 46,479,412 1,394,382 2,163,119 45,710,675 55,190,645 1,379,766 56,570,411 1,923,394
7 45,710,675 1,371,320 2,163,119 44,918,877 56,570,411 1,414,260 57,984,671 1,971,479
8 44,918,877 1,347,566 2,163,119 44,103,324 57,984,671 1,449,617 59,434,288 2,020,766
9 44,103,324 1,323,100 2,163,119 43,263,305 59,434,288 1,485,857 60,920,145 2,071,285
10 43,263,305 1,297,899 2,163,119 42,398,085 60,920,145 1,523,004 62,443,148 2,123,067
11 42,398,085 1,271,943 2,163,119 41,506,909 62,443,148 1,561,079 64,004,227 2,176,144
12 41,506,909 1,245,207 2,163,119 40,588,997 64,004,227 1,600,106 65,604,333 2,230,547
13 40,588,997 1,217,670 2,163,119 39,643,548 65,604,333 1,640,108 67,244,441 2,286,311
14 39,643,548 1,189,306 2,163,119 38,669,736 67,244,441 1,681,111 68,925,552 2,343,469
15 38,669,736 1,160,092 2,163,119 37,666,709 68,925,552 1,723,139 70,648,691 2,402,055
16 37,666,709 1,130,001 2,163,119 36,633,591 70,648,691 1,766,217 72,414,908 2,462,107
17 36,633,591 1,099,008 2,163,119 35,569,480 72,414,908 1,810,373 74,225,281 2,523,660
18 35,569,480 1,067,084 2,163,119 34,473,445 74,225,281 1,855,632 76,080,913 2,586,751
19 34,473,445 1,034,203 2,163,119 33,344,530 76,080,913 1,902,023 77,982,936 2,651,420
20 33,344,530 1,000,336 2,163,119 32,181,747 77,982,936 1,949,573 79,932,509 2,717,705
21 32,181,747 965,452 2,163,119 30,984,080 79,932,509 1,998,313 81,930,822 2,785,648
22 30,984,080 929,522 2,163,119 29,750,484 81,930,822 2,048,271 83,979,093 2,855,289
23 29,750,484 892,515 2,163,119 28,479,879 83,979,093 2,099,477 86,078,570 2,926,671
24 28,479,879 854,396 2,163,119 27,171,157 86,078,570 2,151,964 88,230,534 2,999,838
25 27,171,157 815,135 2,163,119 25,823,173 88,230,534 2,205,763 90,436,297 3,074,834
26 25,823,173 774,695 2,163,119 24,434,749 90,436,297 2,260,907 92,697,205 3,151,705
27 24,434,749 733,042 2,163,119 23,004,673 92,697,205 2,317,430 95,014,635 3,230,498
28 23,004,673 690,140 2,163,119 21,531,694 95,014,635 2,375,366 97,390,001 3,311,260
29 21,531,694 645,951 2,163,119 20,014,526 97,390,001 2,434,750 99,824,751 3,394,042
30 20,014,526 600,436 2,163,119 18,451,843 99,824,751 2,495,619 102,320,370 3,478,893
31 18,451,843 553,555 2,163,119 16,842,279 102,320,370 2,558,009 104,878,379 3,565,865
32 16,842,279 505,268 2,163,119 15,184,429 104,878,379 2,621,959 107,500,338 3,655,012
33 15,184,429 455,533 2,163,119 13,476,842 107,500,338 2,687,508 110,187,847 3,746,387
34 13,476,842 404,305 2,163,119 11,718,029 110,187,847 2,754,696 112,942,543 3,840,046
35 11,718,029 351,541 2,163,119 9,906,451 112,942,543 2,823,564 115,766,107 3,936,048
36 9,906,451 297,194 2,163,119 8,040,525 115,766,107 2,894,153 118,660,259 4,034,449
37 8,040,525 241,216 2,163,119 6,118,622 118,660,259 2,966,506 121,626,766 4,135,310
38 6,118,622 183,559 2,163,119 4,139,062 121,626,766 3,040,669 124,667,435 4,238,693
39 4,139,062 124,172 2,163,119 2,100,115 124,667,435 3,116,686 127,784,121 4,344,660
40 2,100,115 63,003 2,163,119 0 127,784,121 3,194,603 130,978,724 4,453,277

Totals 86,524,756 114,584,341

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