SAP SE (NYSE: SAP) announced today that it has successfully placed the largest Eurobond transaction in its history. The €4.5 billion transaction was issued in five tranches.
SAP Chief Financial Officer Luka Mucic said: 'Against a difficult debt capital market environment, this record transaction is another testament of SAP's strong credit profile. Our team did a tremendous job in preparing the transaction in a very short time to take benefit of an attractive issuance window.'
The €500 million two-year notes pay a spread of 23 basis points (bps) to €3 million. The €900 million long three-year notes pay a coupon of 0.250%. The €850 million six-year notes pay a coupon of 0.750%. The €1 billion long nine-year notes pay a coupon of 1.250%. The €1.25 billion long twelve-year notes pay a coupon of 1.625%.
The notes will be listed for trading in the Regulated Market of the Luxembourg Stock Exchange. Denominations are €100,000.
The transaction was well oversubscribed benefiting from strong international investor demand, with the majority being allocated to long-only asset managers. SAP SE plans to use the proceeds for intended acquisition of Qualtrics International Inc.
The active bookrunners for the transaction were BofA Merrill Lynch, BNP Paribas, Deutsche Bank, J.P. Morgan, Morgan Stanley and MUFG.
Visit the SAP News Center. Follow SAP on Twitter at @sapnews.
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want - without disruption. Our end-to-end suite of applications and services enables more than 413,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.
# # #
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, investors only:
Steffen Diel, Global Treasury, +49 6227 7-48208, email@example.com, CET
Klaus Heizmann, Global Treasury, +49 6227 7-44289, firstname.lastname@example.org, CET
For more information, press only:
Rajiv Sekhri, +49 6227 7-74871, email@example.com, CET
SAP News Center press room; firstname.lastname@example.org
Press release distributed by Pressat on behalf of Pressat Wire, on Tuesday 4 December, 2018. For more information subscribe and follow https://pressat.co.uk/