Debt & ratings
Average cost & maturity of financial debt (%)
| FY19 | FY20 | |
| Average cost (%) | 4.95% | 4.94% |
| Subordinated/Hybrid | 5.23% | 4.90% |
| Senior | 4.19% | 5.13% |
| Average maturity (years) | 5.5 | 5.8 |
| Interest expenses on financial debt | 605 | 493 |
Total financial debt
