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5 Financial liabilities


In CHF million
  Carrying
amount
01.01.2020
 

Issuance
 

Repayment
 
Other
changes 1
  Carrying
amount
30.09.2020
 

Fair Value
                         
Financial liabilities
Bank loans   1,080   149   (277)   (30)   922   961
Debenture bonds   5,915   620   (540)   14   6,009   6,264
Private placements   151       (1)   150   160
Derivative financial instruments   84       7   91   91
Other financial liabilities   230   12   (15)   (17)   210   222
Total financial liabilities   7,460   781   (832)   (27)   7,382   7,698
1 Interest expenses, interest payments, non-cash changes in lease liabilities and foreign currency translation adjustments.

In the third quarter of 2020, Swisscom issued a CHF 100 million debenture bond with a term of 11 years and a coupon of 0.125%. The funds received were used to repay existing loans. Swisscom repaid a EUR 500 million (CHF 540 million) debenture bond upon maturity in the third quarter of 2020.

In the second quarter of 2020, Swisscom became the first listed company in Switzerland to issue a Green Bond in EUR. The debenture bond issued amounts to EUR 500 million (CHF 519 million). The coupon is 0.375% and the term 8.5 years. The funds raised will be used within Swisscom’s Green Bond Framework or to repay existing debts.