SAP Successfully Places a Two-Tranche Euro Benchmark Debut Bond Transaction

WALLDORF, Germany, March 31 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) today successfully placed a Eurobond with a two-tranche structure consisting of a euro 500 million four-year tranche and a euro 500 million seven-year tranche. The four-year notes pay a coupon of 2.50% and were issued at a price of 99.755%, corresponding to a spread of 45 basis points over the Euro Mid-Swaps rate. The seven-year notes pay a coupon of 3.50% and were issued at a price of 99.780%, corresponding to a spread of 70 basis points over the Euro Mid-Swaps rate.

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The notes will be issued off a standalone prospectus and be listed on the Luxembourg Stock Exchange. The denomination was set to EUR 1,000 to have a better appeal to retail, and private banks and their clients.

The transaction was heavily oversubscribed and generated strong international demand, with the majority being placed in Germany, Switzerland and the UK. While the notes enjoyed a strong demand from retail and private banks, SAP also achieved a well-diversified distribution among core institutional investors such as fund managers, insurance companies and pension funds. The proceeds of the transaction will be used for general corporate purposes, diversifying SAP's sources of financing and further increasing its financial flexibility.

The joint lead managers for the transaction were BNP Paribas, Deutsche Bank, ING and JP Morgan.

The information contained herein serves information purposes and does not constitute a prospectus or any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of SAP AG.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities described herein will not be registered under the Securities Act.

The information contained in this release may not be issued or distributed in or into the United States of America, Canada, Australia or Japan and does not constitute an offer to sell nor a solicitation of an offer to buy securities in the United States of America, Canada, Australia or Japan.

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SOURCE SAP AG