5 Financial liabilities
In CHF million |
Carrying amount 1.1.2019 |
Issuance |
Repayment |
Other changes 1 |
Carrying amount 30.9.2019 |
Fair Value |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | ||||||||||||
| Bank loans | 1,233 | 89 | (67) | (58) | 1,197 | 1,234 | ||||||
| Debenture bonds | 5,554 | 405 | – | (28) | 5,931 | 6,164 | ||||||
| Private placements | 426 | – | – | 2 | 428 | 441 | ||||||
| Derivative financial instruments | 54 | – | – | 33 | 87 | 87 | ||||||
| Other financial liabilities | 594 | 35 | (241) | (128) | 260 | 272 | ||||||
| Total financial liabilities | 7,861 | 529 | (308) | (179) | 7,903 | 8,198 | ||||||
| Lease liabilities | ||||||||||||
| Lease liabilities | 1,698 | – | (186) | 239 | 1,751 | 2,128 | ||||||
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1 Interest expenses, interest payments, non-cash changes in lease liabilities and foreign currency translation adjustments.
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In the first quarter of 2019, Swisscom issued a debenture bond for CHF 200 million. It has a coupon of 0.5% and matures in 2029. In the second quarter of 2019, Swisscom increased a debenture bond that was issued in 2017 by CHF 80 million. It has a coupon of 0.75% and matures in 2033. In addition, in August 2019 Swisscom issued a debenture bond for CHF 125 million. It has a coupon of 0% and matures in 2044. The financing thus received was applied to repay existing loans. As at 30 September 2019, Swisscom also had short-term bank loans on a weekly and monthly basis.
Repayment of other liabilities includes the purchase price of CHF 240 million paid to Tamedia for the acquisition of the outstanding share of 31% in Swisscom Directories Ltd. In the cash flow statement this payment is reported under the line item “Acquisition of subsidiaries, net of cash and cash equivalents acquired”.