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SAP successfully placed Eurobond

Walldorf – November 14, 2014 - SAP SE (NYSE: SAP) placed on Nov. 13, 2014, a very successful triple-tranche Eurobond transaction consisting of a €750 million four-year floating rate note tranche at 3-month-Euribor plus 30bp (price 100%), a €1 billion long eight-year tranche at mid-swaps plus 40bp (price 99.478%, coupon 1.125%) and a €1 billion long twelve-year tranche at mid-swaps plus 60bp (price 99.284%, coupon 1.750%). The notes were issued under the existing €6 billion Debt Issuance Programme – framework documentation for the flexible issuance of bonds. The issuance is going to be rated by Moody’s and Standard&Poor’s, the Debt Issuance Programme was rated “A2”/”A”.

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

The transaction was well oversubscribed benefiting from strong international investor demand, with the majority being allocated to German, U.K and French investors. SAP SE plans to use the proceeds for the refinancing of the planned Concur acquisition.

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

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