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SAP successfully placed Eurobond

Walldorf – March 25, 2015 – Yesterday SAP SE (NYSE: SAP) placed a triple-tranche Eurobond transaction consisting of a €500 million two-year floating rate tranche at 3-month-Euribor plus 17bp (issue price 100%), a €650 million five-year floating rate tranche at 3-month-Euribor plus 30bp (issue price 100%)  and a €600 million ten-year fixed rate tranche with a coupon of 1,000% (issue price 99,264%). The notes were issued under the €8 billion Debt Issuance Programme. The issuance is expected to be rated by Moody’s and S&P, the underlying Debt Issuance Programme was already rated “A2”/”A”.

The notes are expected to be listed for trading in the Regulated Market of the Luxembourg Stock Exchange. Denominations are € 1,000 each.

The transaction was well received by the market and was benefiting from strong international demand, with the majority being allocated to German and French institutional investors. Similar to the last Eurobond transaction in November 2014, SAP SE plans to use the proceeds for the refinancing of the term loan for the acquisition of Concur Technologies, Inc.

The active bookrunners for the transaction were Bank of America, Deutsche Bank and JP Morgan with Deutsche Bank as a global coordinator. Passive bookrunners were Barclays, Bank of Tokyo-Mitsubishi, Citigroup, Goldman Sachs, Morgan Stanley, Nordea, RBS, Société Générale, and UniCredit.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 282,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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