5 Financial liabilities

In CHF million	Carrying amount 01.01.2020	Issuance	Repayment	Other changes¹	Carrying amount 31.03.2020	Fair Value
In CHF million	Carrying amount 01.01.2020	Issuance	Repayment	Other changes¹	Carrying amount 31.03.2020	Fair Value
In CHF millionFinancial liabilities
In CHF millionBank loans	Carrying amount 01.01.20201,080	Issuance1,572	Repayment(531)	Other changes¹(32)	Carrying amount 31.03.20202,089	Fair Value2,132
In CHF millionDebenture bonds	Carrying amount 01.01.20205,915	Issuance–	Repayment–	Other changes¹(28)	Carrying amount 31.03.20205,887	Fair Value5,962
In CHF millionPrivate placements	Carrying amount 01.01.2020151	Issuance–	Repayment–	Other changes¹(1)	Carrying amount 31.03.2020150	Fair Value149
In CHF millionDerivative financial instruments	Carrying amount 01.01.202084	Issuance–	Repayment–	Other changes¹–	Carrying amount 31.03.202084	Fair Value84
In CHF millionOther financial liabilities	Carrying amount 01.01.2020230	Issuance2	Repayment(31)	Other changes¹(5)	Carrying amount 31.03.2020196	Fair Value218
In CHF millionTotal financial liabilities	Carrying amount 01.01.20207,460	Issuance1,574	Repayment(562)	Other changes¹(66)	Carrying amount 31.03.20208,406	Fair Value8,545
In CHF million ¹ Interest expense, interest payments, non-cash changes and foreign currency translation adjustments.

In the first quarter of 2020, Swisscom took on short-term bank loans from unconfirmed credit lines to secure liquidity. Swisscom also has two confirmed lines of credit totalling CHF 2.0 billion, which had not been used as at 31 March 2020.