Open-market financing programs
For information on TeliaSonera AB's open-market financing programs, see "Notes to Consolidated Financial Statements" (corresponding section in Note 22).
Borrowings and interest rates
Long-term and short-term borrowings were distributed as follows.
December 31, 2007December 31, 2006
SEK in millionsCarrying valueFair valueCarrying valueFair value
Long-term borrowings



Open-market financing program borrowings38,03438,29420,44320,457
of which at amortized cost24,17824,4385,8275,841
of which in a fair value hedge relationship13,85613,85614,61614,616
Other borrowings at amortized cost66758758
Borrowings from associated companies at amortized cost--22
Interest rate swaps designated as fair value hedges188188470470
Cross currency interest rate swaps held-for-trading7777438438
Total long-term borrowings (see Categories - Note 22)38,30538,56522,11122,125
Short-term borrowings



Open-market financing program borrowings1,4441,440800805
of which at amortized cost1,4441,440300305
of which in a fair value hedge relationship--500500
Other borrowings at amortized cost777775--
Interest rate swaps designated as cash flow hedges--88
Subtotal (see Categories - Note 22)/Total fair value2,2212,215808813
Borrowings from subsidiaries50,474
49,642
of which cash-pool balances26,339
22,917
of which other borrowings24,135
26,725
Total short-term borrowings (see Categories - Note 22)52,695
50,450
For 2007 and 2006, fully unutilized bank overdraft facilities had a total limit of SEK 1,053 million and SEK 1,007 million, respectively.
For additional information on financial instruments classified by category and on liquidity risks, refer to Note 22 "Financial Assets and Liabilities by Category" and section "Liquidity risk management" in Note 23 "Financial Risk Management." Refer to "Notes to Consolidated Financial Statements" (corresponding section in Note 22) for information on the swap portfolio and average interest rates on borrowings. Conventional commercial terms apply for borrowings from subsidiaries.