5 Financial liabilities
In CHF million |
Carrying amount 1.1.2025 |
Issuance |
Repayment |
Other changes 1 |
Carrying amount 31.3.2025 |
Fair Value |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | ||||||||||||
| Bank loans | 3,394 | 3 | (984) | (9) | 2,404 | 2,435 | ||||||
| Debenture bonds | 9,832 | – | – | 120 | 9,952 | 9,910 | ||||||
| Private placements | 322 | – | – | – | 322 | 324 | ||||||
| Derivative financial instruments | 211 | – | – | (33) | 178 | 178 | ||||||
| Other financial liabilities | 233 | – | – | (5) | 228 | 220 | ||||||
| Total financial liabilities | 13,992 | 3 | (984) | 73 | 13,084 | 13,067 | ||||||
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1 Interest expense, interest payments, non-cash changes and foreign currency translation adjustments.
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In the first quarter of 2025, Swisscom repaid short-term bank loans amounting to EUR 1,050 million (CHF 984 million) on maturity. Swisscom has two confirmed lines of credit amounting to CHF 1,700 million and CHF 1,200 million, both maturing in 2028. The line of credit amounting to CHF 1,700 million is a sustainability-linked loan. The amount of the credit margin is linked to the achievement of defined sustainability targets by Swisscom. As of 31 March 2025, neither of these lines of credit had been drawn down, as in the prior year.