- 1st Interim Report 2021
- Annual Report 2020
- 3rd Interim Report 2020
- 2nd Interim Report 2020
- 1st Interim Report 2020
- Annual Report 2019
- 3rd Interim Report 2019
- 2nd Interim Report 2019
- 1st Interim Report 2019
- Annual Report 2018
- 3rd Interim Report 2018
- 2nd Interim Report 2018
- 1st Interim Report 2018
- Annual Report 2017
- 3rd Interim Report 2017
- 2nd Interim Report 2017
- 1st Interim Report 2017
- Annual Report 2016
- 3rd Interim Report 2016
- 2nd Interim Report 2016
- 1st Interim Report 2016
- Annual Report 2015
No search results. Please enter a different search term.
5 Financial instruments and net debt
Below is a breakdown of financial liabilities and net debt in the first three months of 2018 as well as the fair values of financial assets and liabilities:
In CHF million
Other changes a
Fair Value b
|Bank loans||760||–||(35)||(4)||721||745 2|
|Debenture bonds||6,137||150||–||40||6,327||6,562 1|
|Private placements||493||–||–||1||494||503 2|
|Finance lease liabilities||461||–||(5)||3||459||872 2|
|Derivative financial instruments||60||–||–||(6)||54||51 2|
|Other financial liabilities||375||–||(2)||4||377||366 2|
|Total financial liabilities||8,286||150||(42)||38||8,432||9,099|
|Cash and cash equivalents||(525)||(819)||(819) 2|
|Other financial assets||(314)||(319) c||(332) 2|
a Interest expense, interest payments as well as other changes.
b Fair value hierarchy.
c Not included are other financial assets with a carrying amount of CHF 103 million, trade receivables and payables as well as other receivables and liabilities whose carrying amount corresponds to a reasonable estimation of their fair value.
In the first quarter of 2018, Swisscom issued a debenture bond for CHF 150 million. It has a coupon of 1.0% and matures in 2035. In addition, in April 2018 Swisscom issued a debenture bond for EUR 500 million. It has a coupon of 1.125% and matures in 2026. The funds received were applied to repay existing debt. The debenture bond in EUR was designated for hedge accounting of net investments in foreign operations.