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Credit Rating

Rating agency
Long-term Issuer Rating
Outlook
Moody's
A2
Stable
Standard & Poor's
A
Stable
     
The following Eurobonds have received “A2” rating by Moody’s and “A” rating by Standard & Poor’s:
  • € 1bn Notes due 2023
  • € 1bn Notes due 2027
  • € 650m Notes due 2020
  • € 600m Notes due 2025
  • € 500m Notes due 2021
  • € 500m Notes due 2026
  • € 500m Notes due 2030
  • € 500m Notes due 2020          
  • € 900m Notes due 2022
  • € 850m Notes due 2024         
  • € 1bn Notes due 2028            
  • € 1.25bn Notes due 2031

Outstanding Financial Debt

as of June 30, 2019


U.S. Private Placements

Overview of our U.S. private placement notes which 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
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 U.S. Private Placements
 
1,158
USD
 
 
 
 
1,017
EUR
 

Bonds

Instrument
 
Issue date
 
Maturity
 
Volume
(in million)
 
Issue
currency
 
Coupon
 
Security code
(WKN)
 
ISIN No.
Eurobond 3 -
2012
 
Nov. 13,
2012
 
Nov. 13,
2019
 
750
 
EUR
 
2.125% (fix)
 
A1R0U2
 
DE000A1R0U23
Eurobond 4 -
2014
 
Nov. 20,
2014
 
Feb. 20,
2023
 
1,000
 
EUR
 
1.125% (fix)
 
A13SL2
 
DE000A13SL26
Eurobond 4 -
2014
 
Nov. 20,
2014
 
Feb. 22,
2027
 
1,000
 
EUR
 
1.750% (fix)
 
A13SL3
 
DE000A13SL34
Eurobond 5 -
2015
 
Apr. 1,
2015
 
Apr. 1,
2020
 
650
 
EUR
 
3m Euribor + 30 bps (var.)
 
A14KJE
 
DE000A14KJE8
Eurobond 5 -
2015
 
Apr. 1,
2015
 
Apr. 1,
2025
 
600
 
EUR
 
1.000% (fix)
 
A14KJF
 
DE000A14KJF5
Eurobond 7 -
2018
  Mar. 13,
2018
  Mar. 13,
2021
  500   EUR   3m Euribor + 15 bps (var.)   A2G8VS   DE000A2G8VS7 
Eurobond 7 -
2018
  Mar. 13,
2018
  Mar. 13,
2026
  500   EUR   1.000% (fix)   A2G8VT   DE000A2G8VT5 
Eurobond 7 -
2018
  Mar. 13,
2018
  Mar. 13,
2030
  500   EUR   1.375% (fix)   A2G8VU     DE000A2G8VU3
US Dollar Bond -
2018
  Sep. 28,
2018
  Sep. 28,
2025
  300   USD   3m Libor + 50.3 bps (var.)   A2RSD4   DE000A2RSD40
Eurobond 8 - 2018   Dec 10,
2018
  Dec 10,
2020
           500        EUR   3m Euribor + 23 bps (var.)   A2TSTC   DE000A2TSTC2
Eurobond 8 - 2018   Dec 10,
2018
  Mar 10,
2022
           900        EUR   0,25%   A2TSTD   DE000A2TSTD0
Eurobond 8 - 2018   Dec 10,
2018
  Dec 10,
2024
           850        EUR   0,75%   A2TSTE   DE000A2TSTE8
Eurobond 8 - 2018   Dec 10,
2018
  Mar 10,
2028
        1.000        EUR   1,25%   A2TSTF   DE000A2TSTF5
Eurobond 8 - 2018   Dec 10,
2018
  Mar 10,
2031
        1.250        EUR   1,75%   A2TSTG   DE000A2TSTG3
Total outstanding Bonds in EUR  
10,264
 
 
 
 
 
 
 
 


For more details please see the Bond Documentation

Commercial Paper Programme

The Commercial Paper Programme enables SAP SE to issue short-term notes on the money market with a volume of up to € 2.5bn.

Issuer  
SAP SE
Program amount  
€ 2.5bn
Arranger       
Citigroup
Dealer       
Barclays, BNP, Citigroup, Commerzbank, ING
Issuing and paying agent                
Citibank
Term      
1 to 364 days


For more details please see the Commercial Paper Programme documentation.

Bank Loans

Acquisition Term Loan of €2.5bn which can be flexibly repaid over the term of 3 years, latest until Jan., 2022.

 

Maturity Profile

Overview of SAP's maturity profile (according to contractual maturities for our outstanding bonds and U.S. Private Placements):

* Please note that SAP has converted a portion of its outstanding debt with fixed interest rate into variable via the use of interest rate swaps.

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