Outstanding Financial Debt

  • German Promissory Notes and U.S. Private Placements

    Overview of our private placement financing transactions as of Oct. 31, 2014. The U.S. private placement notes were issued through one of our subsidiaries that has the U.S. dollar as its functional currency.

    Instrument
    Issue date
    Maturity
    Volume
    (in million)
    Issue
    currency
    Coupon
     
    U.S. Private Placements
    2,650
    USD
     
    2,116
    EUR
    US PP1 Tranche 1 - 2010
    Oct. 14, 2010
    Oct. 14, 2015
    300
    USD
    2.34% (fix)
    US PP1 Tranche 2 - 2010
    Oct. 14, 2010
    Oct. 14, 2017
    200
    USD
    2.95% (fix)
    US PP2 Tranche 1 - 2011
    Jun. 1, 2011
    Jun. 1, 2016
    600
    USD
    2.77% (fix)
    US PP2 Tranche 2 - 2011
    Jun. 1, 2011
    Jun. 1, 2018
    150
    USD
    3.43% (fix)
    US PP3 Tranche 1 - 2012
    Nov. 15, 2012
    Nov. 15, 2017
    242.5
    USD
    2.13% (fix)
    US PP3 Tranche 2 - 2012
    Nov. 15, 2012
    Nov. 15, 2020
    290
    USD
    2.82% (fix)
    US PP3 Tranche 3 - 2012
    Nov. 15, 2012
    Nov. 15, 2022
    444.5
    USD
    3.18% (fix)
    US PP3 Tranche 4 - 2012
    Nov. 15, 2012
    Nov. 15, 2024
    323
    USD
    3.33% (fix)
    US PP3 Tranche 5 - 2012
    Nov. 15, 2012
    Nov. 15, 2027
    100
    USD
    3.53% (fix)
     
    Total Private Placements
    2,116
    EUR
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  • Eurobonds

    Outstanding Bonds / Debt Issuance Programme
    The following bonds not issued under the Debt Issuance Programme were outstanding as of Oct. 31, 2014:

     
    Instrument
     
    Issue date
     
    Maturity
     
    Volume
    (in million)
     
    Issue
    currency
     
    Coupon
     
    Security code
    (WKN)
     
    ISIN No.
     
    Final
    Terms
     
    Pricing
    notice
    Eurobond 2
    - 2010
    Apr. 8,
    2010
    Apr. 8,
    2017
     
    500
     
    EUR
     
    3.50% (fix)
     
    A1ELSK
     
    XS0500128326
     
     
    Total Eurobonds    
     
    500
     
    EUR
                       

    Debt Issuance Programme (DIP)
    In September 2012, we implemented a Debt Issuance Programme based on a standardized documentation platform. This allows SAP more flexibility in leveraging debt capital markets by issuing bonds in a more efficient way.

    Issuer   SAP AG
    Programme volume   EUR 2,400,000,000
    Arranger   Deutsche Bank
    Dealers   Deutsche Bank, Goldman Sachs International, J.P. Morgan, Société Générale Corporate & Investment Banking, The Royal Bank of Scotland, UBS Investment Bank
    Exchange   Luxembourg Stock Exchange, regulated market
    Governing law   German law
    Paying agent   Deutsche Bank 

    All of the following bonds were issued under the Debt Issuance Programme. Volumes are as of Oct. 31, 2014

    Instrument
    Issue date
    Maturity
    Volume
    (in million)
    Issue
    currency
    Coupon
    Security code
    (WKN)
    ISIN No.
    Eurobond 1 - 2012
    Nov. 13, 2012
    Nov. 13, 2015
    550
    EUR
    1.000% (fix)
    A1R0U3
    DE000A1R0U31
    Eurobond 2 - 2012
    Nov. 13, 2012
    Nov. 13, 2019
    750
    EUR
    2.125% (fix)
    A1R0U2
    DE000A1R0U23
    Total Eurobonds under DIP
    1,300
    EUR

    For more details please select the DIP documents.

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  • Bank Loans

    Overview of the bank loans as of Oct. 31, 2014:

    Instrument
    Issue date
    Maturity
    Volume
    (in million)
    Issue currency
    Coupon 
    Fieldglass Acquisition Term Loan
    March 26, 2014
    March 26, 2015
    500
    EUR
    0.66 % (var)*

    *As of Oct. 31, 2014
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  • Maturity Profile

    A chart of the total outstanding debt of SAP as of  Oct. 31, 2014 demonstrates our well-balanced maturity profile:

    sap-ir-debt-maturity-profile-en-10-14

    * Please note that SAP has recently introduced a new interest rate risk management strategy to optimize its fixed-floating interest rate mix. As a result, a portion of the outstanding debt with fixed interest rate was converted into variable via the use of interest rate swaps.

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