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4 Financial liabilities

In CHF million   30.06.2016   31.12.2015
Bank loans   1,269   746
Debenture bonds   107   45
Private placements   202   350
Finance lease liabilities   15   16
Other financial liabilities   26   38
Total current financial liabilities   1,619   1,195
Bank loans   580   610
Debenture bonds   5,636   5,385
Private placements   734   581
Finance lease liabilities   512   510
Other financial liabilities   389   312
Total non-current financial liabilities   7,851   7,398
Total financial liabilities   9,470   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 was extended by 15 years at a fixed interest rate of 0.56%. In addition, Swisscom took out short-term bank loans of around CHF 500 million in the first half of 2016, which were used to partly finance the dividend payment.