5 Financial liabilities
In CHF million |
Carring amount 1.01.2023 |
Issuance |
Repayment |
Other changes 1 |
Carring amount 30.09.2023 |
Fair Value |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | ||||||||||||
| Bank loans | 512 | 425 | (195) | (21) | 721 | 715 | ||||||
| Debenture bonds | 4,886 | 200 | (250) | (11) | 4,825 | 4,521 | ||||||
| Private placements | 322 | – | – | (1) | 321 | 308 | ||||||
| Derivative financial instruments | 129 | – | – | (6) | 123 | 123 | ||||||
| Other financial liabilities | 153 | 10 | – | (6) | 157 | 151 | ||||||
| Total financial liabilities | 6,002 | 635 | (445) | (45) | 6,147 | 5,818 | ||||||
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1 Interest expense, interest payments, non-cash changes and foreign currency translation adjustments.
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In the first quarter of 2023, Swisscom raised a green bond of CHF 150 million with a coupon of 1.875% and a maturity of 7.5 years, as well as a privately placed bond of CHF 50 million with a coupon of 2.19% and a maturity of 30 years. The funds received were used to repay existing debt. In the second and third quarters of 2023, Swisscom repaid a CHF 250 million bond and a EUR 200 million bank loan on maturity.
Swisscom has two confirmed lines of credit amounting to CHF 1,000 million maturing in 2028 and CHF 1,200 million maturing in 2028. As of 30 September 2023, none of these lines of credit had been drawn down, as in the prior year.