Debt & ratings
Average cost & maturity of financial debt (%)
| FY20 | FY21 | |
| Average cost (%) | 4.94% | 4.60% |
| Subordinated/Hybrid | 4.90% | 4.50% |
| Senior | 5.13% | 5.13% |
| Average maturity (years) | 5.8 | 5.1 |
| Interest expenses on financial debt | 493 | 478 |
Total financial debt
