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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 6 June 2018

A Stable

Moody’s

credit opinion 29 April 2019

A2 Stable

Financings as at 31.03.2019

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
Foreign private placement CHF 278 million 2019
Bank loans EUR 255 million 2019
Bank loans EUR 2 200 million 2020
Bank loans EUR 90 million 2020
Bank loans EUR 150 million 2024
Bank loans USD 105 million 2028

1 committed revolving credit facilities: CHF 1,000 million, maturity: 2024 / CHF 1'000 million, maturity 2022
2 Hedged at the rate EUR/CHF 1.0465

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
300 million 0.125% 15.09.2016 15.09.2032 33635277
150 million 0.75% 24.11.2017 24.11.2033 37347616
300 million 1.00% 17.04.2015 17.04.2035 26898818

For legal reasons, Swisscom cannot offer the bond prospectuses 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 and 37347616 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 2.00 % 30.09.2013 30.09.2020 XS0972165848
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

1 Hedged at the rate EUR/CHF 1.0919

The bonds have been issued through Lunar Funding V, an independent Irish repackaging-vehicle and are secured by loan notes granted from Lunar V to Swisscom. For legal reasons, Swisscom cannot offer the bond prospectus online. However, the prospectus can be downloaded from Irish Stock Exchange.

Net indebtedness as at 31.03.2019

In CHF millions

 

31.03.2019

01.01.2019

Change

Bonds

5,779

5,554

225

Bank loans

914

1,234

-320

Private placements

426

426

0

Other financial liabilities

414

648

-234

Total financial liabilities

7,533

7,861

-328

Cash and cash equivalents

-393

-474

81

Current financial assets

-88

-82

-6

Non-current financial assets

-316

-296

-20

Net debt, excluding leases

6,736

7,009

-273

Finance lease liabilities

1,719

1,703

16

Net debt

8,455

8,712

-257


Fixed Income Research