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
|
Service Request
If you would like to register for an information service, get in contact with one of the team members, or if you have dedicated questions.
Fixed Income
Our financing strategy is based upon three pillars: Protecting liquidity, ensuring financial stability and flexibility.
Credit Rating
Outstanding Financial Debt
as of March 31, 2020
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
|
|||
1,056
|
EUR
|
||||
Bonds
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, 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 | 9,524 | |||||||||||||
For more details please see the Bond Documentation |
||||||||||||||
Bank Loans
Acquisition Term Loan of €2.5bn which can be flexibly repaid over the term of 3 years, latest until Jan., 2022. As of March 31, 2020 €2.0bn were outstanding.
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. As of March 31, 2020 €1.1bn 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. |
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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.