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: | ||
€ 900m Notes due 2022 € 850m Notes due 2024 € 600m Notes due 2026
€ 800m Notes due 2029
|
€ 1bn Notes due 2023
€ 600m Notes due 2025 € 1bn Notes due 2027 € 500m Notes due 2030
|
€ 600m Notes due 2023
€ 500m Notes due 2026 € 1bn Notes due 2028 € 1.25bn Notes due 2031
|
Credit Rating
Outstanding Financial Debt
as of March 31, 2021
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 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 | 868
|
USD
|
|||
740
|
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, 2025 | 600 | EUR | 1.000% (fix) | A14KJF | DE000A14KJF5 | |||||||
| 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 | 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 | 9,856 | EUR | ||||||||||||
For more details please see the Bond Documentation |
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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, 31st, €1.25bn are outstanding. In March 2021, SAP drew 2 short-term loans of €950 million and €500 million with the tenor of one year and a flexible repayment schedule.
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, 31st, €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. |
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