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Walldorf, May 28, 2026 – The SAP SErated A1 (stable) by Moody's and A+ (stable) by S&P Global, has successfully completed a euro bond with a total volume of 3.5 billion euros across four tranches with terms of two, three, five and seven years. The net proceeds from this transaction will be used for general corporate purposes, including the (re)financing of acquisitions.
This announcement is neither an offer to purchase nor a solicitation of an offer to purchase or subscribe for securities in the United States of America, Australia, Canada, Japan, Singapore or any other jurisdiction in which an offer is subject to legal restrictions. The securities referred to in this announcement may not be sold or offered for sale in the United States of America or to or for the account or benefit of US persons without prior registration under the US Securities Act of 1933, as amended (“US Securities Act”) or without prior registration except pursuant to an exemption or in a transaction to which the registration requirements of the US Securities Act do not apply. Subject to certain exceptions, the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada, Japan or Singapore, or to or for the account of any national, resident or resident of Australia, Canada, Japan or Singapore. There will be no registration of the securities referred to in this announcement under the US Securities Act or the applicable laws of Australia, Canada, Japan and Singapore. There will be no public offering of the securities in the United States of America.
This announcement is for general information purposes only and does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129. Interested investors should make their investment decision in relation to the securities referred to in this announcement solely on the basis of the information contained in the securities prospectus which will be available after its publication on the website of the Luxembourg Stock Exchange (www.LuxSE.com) will be available.
This announcement is addressed to or intended for distribution in the United Kingdom only to (i) persons who have professional experience in dealing with investments in accordance with Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“Order”) or (ii) high net worth entities falling within Article 49(2) of the Order or (iii) persons to whom it may otherwise lawfully be distributed (all such persons being referred to as “relevant persons”) referred to). This announcement is intended for relevant persons only. Other persons should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates will only be accessible to and will be carried out only with relevant persons.
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Contact person for the press:
Marcus Winkler, SAP, +49 151 571 18 691, marcus.winkler@sap.com, CEST
Daniel Reinhardt, SAP, +49 151 168 10 157, daniel.reinhardt@sap.com, CEST
SAP press area; press@sap.com
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