Fixed Income
Our financing strategy is based upon three pillars: Protecting liquidity, ensuring financial stability and flexibility.
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/or “A” rating by Standard & Poor’s: | ||
€ 1bn Notes due 2023
€ 1bn Notes due 2027
€ 600m Notes due 2023
€ 600m Notes due 2025
€ 600m Notes due 2026
|
€ 500m Notes due 2021
€ 500m Notes due 2026
€ 500m Notes due 2030
€ 500m Notes due 2020
€ 800m Notes due 2029
|
€ 900m Notes due 2022
€ 850m Notes due 2024
€ 1bn Notes due 2028
€ 1.25bn Notes due 2031
|
as of September 30, 2020
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
|
|||
989
|
EUR
|
||||
| Instrument | Issue date | Maturity | Volume (in million) |
Issue currency |
Coupon | Security code (WKN) |
ISIN No. | |||||||
| 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, 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 | |||||||
| Eurobond 10 - 2020 | May 18, 2020 | May 17, 2023 | 600 | EUR | 0% | A289CX | XS2176715311 | |||||||
| Eurobond 10 - 2020 | May 18, 2020 | May 18, 2026 | 600 | EUR | 0.125% | A289CY | XS2176715584 | |||||||
| Eurobond 10 - 2020 | May 18, 2020 | May 18, 2029 | 800 | EUR | 0.375% | A289CZ | XS2176715667 | |||||||
| Total outstanding Bonds in EUR | 10,856 | EUR | ||||||||||||
For more details please see the Bond Documentation |
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Acquisition Term Loan of €2.5bn which can be flexibly repaid over the term of 3 years, latest until Jan., 2022. As of September, 30th, €1.75bn are outstanding.
The Commercial Paper Programme enables SAP SE to issue short-term notes on the money market with a volume of up to € 2.5bn. As of September, 30th, €0.93bn have been issued under the programme.
| 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. |
||
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.
