17. Financial liabilities
|
In CHF 1,000 |
31.12.2019 |
31.12.2018 |
|
Current mortgages |
- |
23,480 |
|
Current bonds |
100,000 |
140,000 |
|
Current financial liabilities |
100,000 |
163,480 |
|
|
|
|
|
Mortgages |
- |
2,151 |
|
Bonds |
560,000 |
380,000 |
|
Loans from third parties |
- |
4,001 |
|
Non-current financial liabilities |
560,000 |
386,153 |
|
Total financial liabilities |
660,000 |
549,633 |
Mortgages and bonds due for repayment within the next twelve months are reported under current financial liabilities.
In 2019, a CHF 140 million bond maturing on 15 February 2021 was issued on 14 February 2019. The coupon is 0.773%. The proceeds were used to refinance the CHF 140 million bond that expired on 14 February 2019. Furthermore, a CHF 140 million bond maturing on 9 October 2023, with a coupon of 0.05%, was issued on 9 October 2019.
In 2018, a CHF 100 million bond, maturing on 12 June 2020, with a coupon of 0.35%, was issued on 12 June 2018.
As at the balance sheet date, the following bonds are outstanding:
|
ISIN |
CH 0373476792 |
CH 0419040818 |
CH 0337645516 |
CH 0361533224 |
CH 0419041519 |
|
Trading currency |
CHF |
CHF |
CHF |
CHF |
CHF |
|
Issuing volume |
100 million |
140 million |
100 million |
180 million |
140 million |
|
Listing |
SIX Swiss Exchange |
SIX Swiss Exchange |
SIX Swiss Exchange |
SIX Swiss Exchange |
SIX Swiss Exchange |
|
Coupon |
0.35% |
0.773% |
0.55% |
0.75% |
0.05% |
|
Tenor |
2 years |
2 years |
5 years |
5 years |
4 years |
|
Payment date |
12 Jun 2018 |
14 Feb 2019 |
15 Nov 2016 |
3 Oct 2017 |
9 Oct 2019 |
|
Redemption date |
12 Jun 2020 |
15 Feb 2021 |
15 Nov 2021 |
3 Oct 2022 |
9 Oct 2023 |
As at 31 December 2019, no properties (31.12.2018: properties in the amount of CHF 233.7 million) were pledged to secure mortgages and available credit lines. Credit lines (without securities) totalled CHF 107 million (31.12.2018: CHF 205 million), of which CHF 93 million was unused as at 31 December 2019 (31.12.2018: CHF 171 million).
As at the balance sheet date, amounts falling due are as follows:
|
In CHF 1,000 |
31.12.2019 |
31.12.2018 |
|
Rollover mortgages |
- |
18,400 |
|
Due within the first year |
100,000 |
145,080 |
|
Due within the second year |
240,000 |
102,151 |
|
Due within the third year |
180,000 |
100,000 |
|
Due within the fourth year |
140,000 |
180,000 |
|
Due within the fifth year and beyond |
- |
- |
|
Total interest-bearing financial debt |
660,000 |
545,631 |
|
|
|
|
|
Loans from third parties 1) |
- |
4,001 |
|
Total other financial liabilities |
- |
4,001 |
|
|
|
|
|
Total financial liabilities |
660,000 |
549,633 |
1) Loans from third parties as at 31 December 2018 had no fixed maturity and were interest-free.
Interest maturity periods are as follows (composition until next interest rate adjustment):
|
In CHF 1,000 |
Interest rates as at 31.12.2019 |
31.12.2019 |
31.12.2018 |
|
Up to one year |
|
100,000 |
165,631 |
|
Up to 2 years |
|
240,000 |
100,000 |
|
Up to 3 years |
|
180,000 |
100,000 |
|
Up to 4 years |
|
140,000 |
180,000 |
|
Up to 5 years and beyond |
|
|
- |
|
Total interest-bearing financial debt |
0.05%─0.77% |
660,000 |
545,631 |
|
|
|
|
|
|
Loans from third parties |
|
- |
4,001 |
|
Total other financial liabilities |
|
- |
4,001 |
|
|
|
|
|
|
Total financial liabilities |
|
660,000 |
549,633 |