Development of Borrowings

The following graph shows the development of interest bearing borrowings.

in million euros

2019

2020

2021

2022

2023

Bonds

2,475

2,370

2,500

2,187

1,865

Commercial Paper

1,448

690

276

516

275

Liabilities to banks

35

24

62

204

129

Other borrowings

0

0

0

0

0

Total

3,958

3,084

2,838

2,907

2,269