Germany's SAP Prices Two-Part Euro Bond Issue

29th Jul 2010 15:24

LONDON (Dow Jones)--German business software provider SAP AG (SAP) has priced its two-tranche bond issue via lead managers Barlcays Capital and Deutsche Bank AG, one of the banks said Thursday. Details of the three-year bond: Amount: EUR600 million Maturity: August 6, 2013 Coupon: 2.25% Reoffer Price: 99.857 Spread: 60 basis points over midswaps Details of the 18-month bond: Amount: EUR500 million Maturity: February 6, 2012 Coupon: 1.75% Reoffer Price: 99.853 Spread: 50 basis points over midswaps Shared details are as follows: Payment Date: August 6, 2010 Denominations: EUR1,000 Listing: Luxembourg Interest: Annual -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 29, 2010 10:24 ET (14:24 GMT)