DCSIMG
7 Borrowings - Annual Report 2015 - DSM

7 Borrowings

Table 1

 
2015
 
2014
 
 
Total
Of which current
Total
Of which current
         
Debenture loans
2,541
-
2,041
497
Private loans
-
-
124
124
Commercial paper
150
150
400
400
         
Total
2,691
150
2,565
1,021

At 31 December 2015, there were three debenture loans (€1,493 million, maturing in 2022, 2024 and 2025) with a remaining term of more than five years (€497 million at 31 December 2014).

The repayment schedule for borrowings (excluding commercial paper) is as follows:

Table 2: Borrowings by maturity

Borrowings by maturity
 
2015
2014
     
2015
-
621
2016
-
-
2017
748
747
2018
-
-
2019 and 2020
300
300
2021 through 2025
1,493
497
     
Total
2,541
2,165

In agreements governing loans with a residual amount at year-end 2015 of €2,541 million, none of which is of a current nature (31 December 2014: €2,165 million, of which €620 million of a current nature), clauses have been included which restrict the provision of security. More information on borrowings is provided in note 20 (Borrowings) to the 'Consolidated financial statements'.