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5 Financial liabilities


In CHF million
  Carrying
amount
1.1.2021
 

Issuance
 

Repayment
 
Other
changes 1
  Carrying
amount
31.3.2021
 

Fair Value
                         
Financial liabilities
Bank loans   484     (197)   6   293   323
Debenture bonds   6,110       54   6,164   6,364
Private placements   151       (1)   150   155
Derivative financial instruments   90       (28)   62   62
Other financial liabilities   207   1   (1)   3   210   218
Total financial liabilities   7,042   1   (198)   34   6,879   7,122
1 Interest expense, interest payments, non-cash changes and foreign currency translation adjustments.

In the first quarter of 2021, short-term bank loans of CHF 197 million were repaid. Swisscom has two confirmed lines of credit totalling CHF 2.2 bil­lion, which had not been used as at 31 March 2021.