Credit Rating
| Rating agency | Long-term Issuer Rating | Outlook |
Moody's
| A1 | Stable |
Standard & Poor's
| A+ | Stable |
| The following Eurobonds have received “A1” rating by Moody’s and/or “A+” rating by Standard & Poor’s: | ||
€ 1.0bn Notes due 2027
€ 1.8bn Notes due 2028
€ 1.65bn Notes due 2029 | € 500m Notes due 2030
€ 2.1bn Notes due 2031
€ 1.0bn Notes due 2033
| |
Outstanding Financial Debt as of June 30, 2026
Bonds
| Instrument | Issue date | Maturity | Volume (in million) | Issue currency | Coupon | Security code (WKN) | ISIN No. | |||||||
| Eurobond 4 - 2014 | Nov. 20, 2014 | Feb. 22, 2027 | 1,000 | EUR | 1.750% (fix) | A13SL3 | DE000A13SL34 | |||||||
| Eurobond 7 - 2018 | Mar. 13, 2018 | Mar. 13, 2030 | 500 | EUR | 1.375% (fix) | A2G8VU | DE000A2G8VU3 | |||||||
| Eurobond 8 - 2018 | Dec 10, 2018 | Mar 10, 2028 | 1,000 | EUR | 1.250% | A2TSTF | DE000A2TSTF5 | |||||||
| Eurobond 8 - 2018 | Dec 10, 2018 | Mar 10, 2031 | 1,250 | EUR | 1.625% | A2TSTG | DE000A2TSTG3 | |||||||
| Eurobond 10 - 2020 | May 18, 2020 | May 18, 2029 | 800 | EUR | 0.375% | A289CZ | XS2176715667 | |||||||
| Eurobond 11 - 2026 | June 3, 2026 | June 3, 2028 | 800 | EUR | 3mE +33bps | A46ZXQ | XS3393867224 | |||||||
| Eurobond 11 - 2026 | June 3, 2026 | June 3, 2029 | 850 | EUR | 3.000% (fix) | A46ZXR | XS3393867810 | |||||||
| Eurobond 11 - 2026 | June 3, 2026 | June 3, 2031 | 850 | EUR | 3.250% (fix) | A46ZXS | XS3393869279 | |||||||
| Eurobond 11 - 2026 | June 3, 2026 | June 3, 2033 | 1,000 | EUR | 3.500% (fix) | A46ZXT | XS3393869782 | |||||||
| Total outstanding Bonds in EUR | 8,050 | EUR | ||||||||||||
For more details please see the documentation. | ||||||||||||||
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 € 2.5 billion.
As of June 30th, €0.5 billion have been issued under the programme.
| Issuer | SAP SE
| |
| Program amount | € 2.5 billion
| |
| 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).
* 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.