22 | bankoverdrafts and borrowings
Current portion of non-current borrowings
BALANCE AS AT 31 DECEMBER
Both USG People N.V. and USG People Interservices N.V., a subsidiary of USG People N.V., are able to issue treasury bills under the € 100 million commercial paper programme. USG People N.V. acts as guarantor for the treasury bills issued by USG People Interservices N.V. A sum of € 90 million from tranche B of the syndicated credit facility is reserved as a backstop to cover this programme. At the end of 2015 the commercial paper programme had not been utilised.