3.2 Financial liabilities
CHF 1,000 | 30.06.2026 | 31.12.2025 |
|---|---|---|
Bank loans | 325,000 | 386,000 |
Private placements | 100,000 | 40,000 |
Bonds | 100,000 | 100,000 |
Current financial liabilities | 525,000 | 526,000 |
Bonds | 100,000 | 100,000 |
Non-current financial liabilities | 100,000 | 100,000 |
Total financial liabilities | 625,000 | 626,000 |
As at 30 June 2026 and 31 December 2025, neither properties nor other assets were pledged to secure available credit lines. Credit lines with Swiss banks (without securities) totalled CHF 500 million (31.12.2025: CHF 600 million), of which CHF 175 million was unused as at 30 June 2026 (31.12.2025: CHF 214 million).
In the first half 2025, the CHF 115 million bond, maturing on 14 February 2025, with a coupon of 0.25%, was paid on the redemption date. Furthermore, a CHF 100 million bond, maturing on 14.02.2028, was issued with a coupon of 1.10%.
As at the balance sheet date, the following bonds are outstanding:
ISIN | CH 1357852784 | CH1405472023 |
Trading currency | CHF | CHF |
Issuing volume | 100 million | 100 million |
Listing | SIX Swiss Exchange | SIX Swiss Exchange |
Coupon | 1.45% | 1.10% |
Tenor | 2 years and 2 months | 3 years |
Payment date | 16 Aug 2024 | 14 Feb 2025 |
Redemption date | 16 Oct 2026 | 14 Feb 2028 |
As at the balance sheet date, amounts falling due are as follows:
CHF 1,000 | Due within the first year | Due within the second year | Due within the third year and beyond | 30.06.2026 | Interest rate |
|---|---|---|---|---|---|
Bank loans | 325,000 | - | - | 325,000 | 0-1% |
Private placements | 100,000 | - | - | 100,000 | 0-1% |
Bonds | 100,000 | 100,000 | - | 200,000 | 1-2% |
Total financial liabilities | 525,000 | 100,000 | - | 625,000 | |
CHF 1,000 | Due within the first year | Due within the second year | Due within the third year and beyond | 31.12.2025 | Interest rate |
Bank loans | 386,000 | - | - | 386,000 | 0-2% |
Private placements | 40,000 | - | - | 40,000 | 0-1% |
Bonds | 100,000 | - | 100,000 | 200,000 | 1-2% |
Total financial liabilities | 526,000 | - | 100,000 | 626,000 |
The interest maturity periods correspond to the above-listed maturities. The weighted average interest rate of the outstanding financial liabilities as at 30 June 2026 stands at 0.90% (31.12.2025: 0.88%).
Accounting principles |
|---|
Financial liabilities are stated at nominal value. |
Issuance costs, reduced by the amount of the premium, are charged in full to the income statement upon issue of the bond. |
Bonds due for repayment within the next 12 months are reported under current financial liabilities. |