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 € 600m Notes due 2023 € 850m Notes due 2024 € 600m Notes due 2025 |
€ 500m Notes due 2026
€ 600m Notes due 2026 € 1bn Notes due 2027
€ 1bn Notes due 2028 |
€ 800m Notes due 2029
€ 500m Notes due 2030 € 1.25bn Notes due 2031
|
Credit Rating
Outstanding Financial Debt
as of March 31, 2022
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
|
|||
781
|
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 | 8,970 | EUR | ||||||||||||
For more details please see the Bond Documentation |
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Bank Loans
In March 2021, SAP drew 2 short-term loans of €950 million and €500 million which can be repaid flexibly until September 2022.
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. |
||
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.