Total financial liabilities
| As of December 31, 2017 | As of December 31, 2016 | |||||||||||||||
| Adjusted carrying amount |
Effective interest rate |
Adjusted carrying amount |
Effective interest rate |
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| (millions of euros) |
(%) | (millions of euros) |
(%) | |||||||||||||
|
Bonds |
21,521 | 4.96 | 22,141 | 5.44 | ||||||||||||
|
Loans and other financial liabilities |
8,599 | 3.59 | 9,487 | 3.88 | ||||||||||||
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Total |
30,120 | 4.57 | 31,628 | 4.97 | ||||||||||||
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