8 Borrowings
2019 | 2018 | |||
Total | Of which current | Total | Of which current | |
Debenture loans | 2,244 | - | 2,543 | 300 |
Total | 2,244 | - | 2,543 | 300 |
At 31 December 2019, there were four debenture loans (€2,244 million, maturing in 2022 and from 2024 through 2026).
The repayment schedule for borrowings (excluding commercial paper) is as follows:
Borrowings by maturity
2019 | 2018 | |
2019 | - | 300 |
2020 | - | - |
2021 | - | - |
2022 and 2023 | 499 | 500 |
2024 through 2026 | 1,745 | 1,743 |
Total | 2,244 | 2,543 |
In agreements governing loans with a residual amount at year-end 2019 of €2,244 million (31 December 2018: €2,543 million, of which €300 million was of a current nature), clauses have been included which restrict the provision of security. More information on borrowings is provided in Note 19 to the 'Consolidated financial statements'.