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Development of Borrowings

The following graph shows the development of interest bearing borrowings.

in million euros

2016

2017

2018

2019

1st HY 2020

Bonds

2,258

2,666

2,220

2,475

2,279

Commercial Paper

381

729

1,931

1,448

2,173

Liabilities to banks

1,082

946

24

35

67

Other borrowings

4

3

0

0

0

Total

3,725

4,344

4,175

3,958

4,519