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Dette financière · 2024 · Ville de Paris

Dette obligataire

At 31 December 2024, bond debt makes up €8.12bn of outstanding debt, 75.9% of the City of Paris's financial debt, at an average rate of 2.1% over 15 years.

Source: City of Paris, administrative account (debt statement), data as of 14 September 2026.

Public bonds bought by institutional investors (insurers, funds, central banks). Paris is rated Aa2 (Moody's) / AA (Fitch), the same rating as the French State.

Public bond issues · Euro MTN

8.12€B
outstanding at end 2024
76% of the financial debt · average rate 2.1% · 15.4 years left on average · 94% fixed-rate

Bonds still outstanding

Main lines still outstanding, from Euronext, Paris IR and Agence France Trésor.

Paris 3,375 % mai 20392024 · 3.38% rate · 15 years · Financement PLU bioclimatique · benchmark800€M
Paris Green Bond 3,125 % 20332023 · 3.13% rate · 10 years · Rénovation thermique · Green Bond ICMA600€M
Paris 1,875 % juin 20322022 · 1.88% rate · 10 years · Émission benchmark · 3× sursouscrite500€M
Paris 0,75 % mai 20312021 · 0.75% rate · 10 years · Benchmark classique500€M
Paris Social Bond 0,25 % 20302020 · 0.25% rate · 10 years · Soutien COVID · Social Bond ICMA500€M
Paris 1,000 % octobre 20342019 · 1.00% rate · 15 years · Benchmark long450€M
2 more lines
Paris 1,750 % novembre 20272015 · 1.75% rate · 12 years · Benchmark maturité moyenne750€M
Paris 2,125 % mai 20282013 · 2.13% rate · 15 years · In fine · prochaine échéance lourde750€M

8 main lines, €4,850M in total.

What these figures mean

This instrument is 76% of the debt. Its average rate of 2.1% is the observed cost, weighted by each line’s amount.

On average 15.4 years remain before full repayment: the longer, the more the debt is spread out.

Sources: M57 administrative account for the breakdown; Budget Orientation Report, appendix IV and public releases for rates and lines. The full method · JSON · debt structure