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%.