05 Financial performance 2024 consolidated financial statements (in € millions) December 31, 2024 December 31, 2023 Current Non-current Current Non-current Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €500 million n issued in May 2024 and due in May 2036 n nominal interest rate of 3.375% n effective interest rate of 3.41% (3.50% after hedging) - 497 - - Bonds repayable by Campus SAS n nominal amount of €1.5 million n issued in June 2008 and due in June 2033 n nominal interest rate of 5.50% n effective interest rate of 5.50% - 2 - 2 Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €500 million n issued in October 2020 and due in November 2032 n nominal interest rate of 0.25% n effective interest rate of 0.32% - 497 - 497 Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €500 million n issued in May 2024 and due in May 2031 n nominal interest rate of 3.125% n effective interest rate of 3.22% (3.31% after hedging) - 495 - - Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €1,000 million n issued in August 2018 and due in September 2030 n nominal interest rate of 1.75% n effective interest rate of 1.84% (2.00% after hedging) - 995 - 994 Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €500 million n issued in October 2020 and due in November 2028 n nominal interest rate of 0.00% n effective interest rate of 0.06% - 499 - 498 Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €300 million n issued in May 2015 and due in May 2027 n nominal interest rate of 1.75% n effective interest rate of 1.86% (1.80% after hedging) - 299 - 299 Bonds repayable by Compagnie Générale des Établissements Michelin n nominal value of €750 million n issued in August 2018 and due in September 2025 n nominal interest rate of 0.875% n effective interest rate of 1.04% (1.17% after hedging) 749 - - 748 Commercial paper repayable by Compagnie Générale des Établissements Michelin n in $, euro-equivalent nominal amount: €48 million (2023: €45 million). n effective interest rate of 4.88% at December 31, 2024 n in €, nominal amount: €250 million (2023: €250 million). n effective interest rate of 3.10% at December 31, 2024 297 - 295 - TOTAL 1,046 4,838 295 4,591 At December 31, 2024, the weighted average nominal interest rate for bonds and commercial paper is 1.78% (1.83% after hedging). The €751 million increase in current bond debt stemmed mainly from the reclassification as current of the €750 million worth of bonds issued in August 2018 that mature in September 2025. 393 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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