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Note 19 Short-term borrowings


In € millions

 

 

 

2008

2009

 

 

 

Commercial paper

20

Debt to credit institutions

146

209

Borrowings from associates and joint ventures

28

61

Current portion of long-term borrowings

1,144

114

 

 

 

Total

1,338

384

In May 2009, bonds totaling €1.0 billion matured which were classified as short-term borrowings at year-end 2008.

AkzoNobel has a $1.0 billion commercial paper program and a €1.5 billion euro commercial paper program. On December 31, 2009, the commercial paper programs were not used (2008: €20 million). The commercial paper programs can only be used to the extent that the equivalent portion of the revolving credit facility is not used. See also note 24.

 

 

 

  

 

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