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Financing

Financing & ratings

We rely on a broad spectrum of financing instruments to meet our financing requirements. Here you will find an overview of all of the financial liabilities as well as their maturities and our credit rating according to rating agencies.

Standard & Poor’s

corporate credit rating 28 August 2019

A Stable

Moody’s

credit opinion 29 April 2019

A2 Stable

 

Swisscom Green Bonds

Swisscom has been committed to sustainability for more than 20 years. Sustainable investment options are becoming increasingly important to both private and institutional investors. Swisscom has responded to this with its Green Bond Framework. Swisscom is planning to launch the issue of Green Bonds or comparable sustainable financing based on the Green Bond Principles of the International Capital Market Association (ICMA).

Sustainability ratings

Independent ratings assess Swisscom’s corporate responsibility, standardised according to ESG criteria, and ensure that the environmental impact, social aspects and governance of our activity are transparent and comparable.

Financings as at 30.09.2020

Swisscom AG appears as a debtor in the financing list.
To avoid structural subordination, we are attempting to include financing at Swisscom AG level. Exceptions are for historical reasons and the amounts are not significant.

Instrument Currency Amount Maturity
Revolving Credit Facility CHF  0 million 1  
Swiss private placement CHF 150 million 2031
Bank loans USD 470 million 2020
Bank loans CHF 199 million 2021
Bank loans EUR 150 million 2024
Bank loans USD 107 million 2028

1 committed revolving credit facilities: CHF 1,000 million, maturity: 2022 / CHF 1'000 million, maturity 2025

SIX-listed bonds in the Swiss domestic capital market

Par value Coupon Payment date Maturity Security number
500 million 2.625% 31.08.2010 31.08.2022 11469537
250 million 0.25% 17.04.2015 17.04.2023 26898817
500 million 1.75% 10.07.2012 10.07.2024 18833536
200 million 1.50% 14.07.2014 14.07.2026 24777613
350 million 0.375% 31.05.2017 31.05.2027 036274835
200 million 0.375% 15.12.2016 15.12.2027 034458378
200 million 0.375% 31.03.2016 31.03.2028 31792166

200 milion

0.50%

15.03.2019

15.03.2029

041904098

150 milion
0.75% 12.10.2018 12.10.2028 043718093
160 million 1.50% 30.09.2014 28.09.2029 25414750
100 million 0.13% 18.09.2020 18.09.2031 51515246
300 million 0.125% 15.09.2016 15.09.2032 33635277
230 million 0.75% 24.11.2017
24.05.2019*
24.11.2033 37347616
300 million 1.00% 17.04.2015 17.04.2035 26898818
125 million 0.00% 30.08.2019 30.08.2044 049473433

*CHF 80 million increase


For legal reasons, Swisscom cannot offer the prospectuses for the bonds listed below online.

The prospectuses with the security numbers 1146537, 26898817, 26898818, 31792166 and 043718093 can be ordered free of charge from UBS by telephone on +41 44 239 47 03, by fax on +41 44 239 21 11 or by e-mail to swiss-prospectus@UBS.com.

The prospectuses with the security numbers 18833536, 33635277, 036274835, 37347616 and 049473433 are available from Credit Suisse, Transaction Advisory Group, PO Box, CH-8070 Zurich, Switzerland (Tel.: +41 44 333 20 98, Fax: +41 44 333 67 86, e-mail: newissues.fixedincome@credit-suisse.com). The prospectuses with the security numbers 24777613, 25414750, 034458378 and 041904098 can be ordered free of charge from Zuercher Kantonalbank by telephone on +41 44 293 67 40, by fax on +41 44 293 67 32 or by e-mail to prospectus@zkb.ch.

ISE-listed Eurobonds

Par value in EUR Coupon Payment date Maturity ISIN-NR.
500 million 1.875% 08.04.2014 08.09.2021 XS1051076922
500 million 1 1.75 % 15.09.2015 15.09.2025 XS1288894691
500 million 1.125% 12.04.2018 12.10.2026 XS1803247557

500 million

0.375%

14.05.2020

14.11.2028

XS2169243479

1 Hedged at the rate EUR/CHF 1.0919

The debenture bonds with expiries of 2021-2026 were issued by Lunar Funding V, an independent Irish multi-purpose vehicle, and are secured by a loan notes granted by Lunar V to Swisscom in the same amount. The debenture bond with an expiry of 2028 was issued by Swisscom Finance B.V., a wholly-owned subsidiary of Swisscom Ltd.

 

For legal reasons, Swisscom cannot offer the bond prospectus online. However, the prospectus can be downloaded from Irish Stock Exchange.

Swisscom Finance B. V.

Net indebtedness as at 30.09.2020

In CHF millions

 

30.09.2020

31.12.2019

Change

Bonds

6,009

5,915

94

Bank loans

922

1,080

-158

Private placements

150

151

-1

Other financial liabilities

301

314

-13

Total financial liabilities

7,382

7,460

-78

Cash and cash equivalents

-247

-328

81

Current financial assets

-175

-65

-110

Non-current financial assets

-335

-309

-26

Net debt, excluding leases

6,625

6,758

-133

Finance lease liabilities

1,997

2,027

-30

Net debt

8,622

8,785

-163


Fixed Income Research