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5 Financial liabilities


In CHF million
  Carrying
amount
01.01.2020
 

Issuance
 

Repayment
 
Other
changes 1
  Carrying
amount
31.03.2020
 

Fair Value
                         
Financial liabilities
Bank loans   1,080   1,572   (531)   (32)   2,089   2,132
Debenture bonds   5,915       (28)   5,887   5,962
Private placements   151       (1)   150   149
Derivative financial instruments   84         84   84
Other financial liabilities   230   2   (31)   (5)   196   218
Total financial liabilities   7,460   1,574   (562)   (66)   8,406   8,545
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.