5 Financial liabilities
In CHF million |
Carrying amount 1.1.2025 |
Issuance |
Repayment |
Other changes 1 |
Carrying amount 30.6.2025 |
Fair Value |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | ||||||||||||
| Bank loans | 3,394 | 280 | (1,740) | (28) | 1,906 | 1,935 | ||||||
| Debenture bonds | 9,832 | 836 | – | 22 | 10,690 | 10,743 | ||||||
| Private placements | 322 | – | – | 1 | 323 | 327 | ||||||
| Derivative financial instruments | 211 | 5 | – | 28 | 244 | 244 | ||||||
| Other financial liabilities | 233 | 1 | (20) | (17) | 197 | 198 | ||||||
| Total financial liabilities | 13,992 | 1,122 | (1,760) | 6 | 13,360 | 13,447 | ||||||
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1 Interest expense, interest payments, non-cash changes and foreign currency translation adjustments.
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As of 30 June 2025, Swisscom has taken out short-term bank loans on a weekly and monthly basis amounting to CHF 280 million. In the first six months of 2025, Swisscom issued two debenture bonds. A first debenture bond in the amount of EUR 500 million (CHF 464 million) with a coupon of 3.125% and a maturity of 7 years and a second debenture bond of EUR 400 million (CHF 372 million) with a coupon based on 3-month Euribor plus a margin of 0.37% and a maturity of two years. The raised funds were used to refinance existing debt. In the first six months of 2025, Swisscom repaid bank loans of EUR 1,150 million (CHF 984 million) and CHF 756 million.
Swisscom has two confirmed lines of credit amounting to CHF 1,700 million and CHF 1,200 million, both maturing in 2028. The line of credit amounting to CHF 1,700 million is a sustainability-linked loan. The amount of the credit margin is linked to the achievement of defined sustainability targets by Swisscom. As of 30 June 2025, neither of these lines of credit had been drawn down, as in the prior year.