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4 Financial liabilities

In CHF million   31.3.2016   31.12.2015
Bank loans   465   746
Debenture bonds   77   45
Private placements   201   350
Finance lease liabilities   15   16
Other financial liabilities   39   38
Total current financial liabilities   797   1,195
Bank loans   580   610
Debenture bonds   5,633   5,385
Private placements   732   581
Finance lease liabilities   512   510
Other financial liabilities   367   312
Total non-current financial liabilities   7,824   7,398
Total financial liabilities   8,621   8,593

In the first quarter of 2016, Swisscom issued a debenture bond with a nominal amount of CHF 200 million. It has a coupon of 0.375% and matures in 2028. The funds raised were used to repay existing debts. In addition, a private placement for CHF 150 million that fell due in the first quarter of 2016 was extended by 15 years at a fixed interest rate of 0.56%.