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17. Financial liabilities

In CHF 1,000

31.12.2018

31.12.2017

Amortisation obligations on mortgages

160

Loans from third parties

5,000

Current mortgages

23,480

6,532

Current bonds

140,000

Current financial liabilities

163,480

11,692

 

 

 

Mortgages

2,151

9,665

Bonds

380,000

420,000

Loans from third parties

4,001

4,916

Non-current financial liabilities

386,153

434,581

Total financial liabilities

549,633

446,273

Mortgages and bonds due for repayment within the next twelve months are reported under current financial liabilities.

In 2018, a CHF 100 million bond, maturing on 12 June 2020, with a coupon of 0.35%, was issued on 12 June 2018.

In 2017, a CHF 140 million bond maturing on 14 February 2019 was issued on 14 February 2017. The coupon is 0.25%. A further bond of CHF 180 million, maturing on 3 October 2022, with a coupon of 0.75%, was issued on 3 October 2017.

As at the balance sheet date, the following bonds are outstanding:

ISIN

CH 033 764 551 6

CH 035 259 586 9 1)

CH 036 153 322 4

CH 037 347 679 2

Trading currency

CHF

CHF

CHF

CHF

Issuing volume

100 million

140 million

180 million

100 million

Listing

SIX Swiss Exchange

SIX Swiss Exchange

SIX Swiss Exchange

SIX Swiss Exchange

Coupon

0.55%

0.25%

0.75%

0.35%

Tenor

5 years

2 years

5 years

2 years

Payment date

15 November 2016

14 February 2017

3 October 2017

12 June 2018

Redemption date

15 November 2021

14 February 2019

3 October 2022

12 June 2020

1) Refinanced with a coupon of 0.773% for a tenor of 2 years (14 February 2019 – 15 February 2021).

Properties in the amount of CHF 233.7 million (31.12.2017: CHF 245.3 million) were pledged to secure mortgages and available credit lines. Unused credit lines totalled CHF 171 million at 31 December 2018 (31.12.2017: CHF 201 million).

As at the balance sheet date, amounts falling due are as follows:

In CHF 1,000

31.12.2018

31.12.2017

Rollover mortgages

18,400

2,594

Due within the first year

145,080

6,532

Due within the second year

102,151

145,080

Due within the third year

100,000

2,151

Due within the fourth year

180,000

100,000

Due within the fifth year and beyond

180,000

Total mortgages and bonds

545,631

436,357

 

 

 

Loans from third parties 1)

4,001

9,916

Total other financial liabilities

4,001

9,916

 

 

 

Total financial liabilities

549,633

446,273

1) Loans from third parties as at 31 December 2018 have no fixed maturity and are interest-free. As at 31 December 2017, they included an unsettled purchase price consideration for the Privera Group acquisition (September 2014) of CHF 5 million, which was interest-free and amortised annually by CHF 5 million, for the last time in 2018.

Interest maturity periods are as follows (composition until next interest rate adjustment):

In CHF 1,000

Interest rates as at 31.12.2018

31.12.2018

31.12.2017

Up to one year

 

165,631

16,357

Up to 2 years

 

100,000

140,000

Up to 3 years

 

100,000

Up to 4 years

 

180,000

100,000

Up to 5 years and beyond

 

180,000

Total mortgages and bonds

0.25%─0.73%

545,631

436,357

 

 

 

 

Loans from third parties

 

4,001

9,916

Total other financial liabilities

0.0%

4,001

9,916

 

 

 

 

Total financial liabilities

 

549,633

446,273

The weighted average interest rate for all mortgages and bonds amounted to 0.5% (2017: 0.7%).