Development of Borrowings

The following graph shows the development of interest bearing borrowings.

in million euros

2017

2018

2019

2020

2021

Bonds

2,666

2,220

2,475

2,370

2,500

Commercial Paper

729

1,931

1,448

690

276

Liabilities to banks

946

24

35

24

62

Other borrowings

3

0

0

0

0

Total

4,344

4,175

3,958

3,084

2,838