04/04/2009 11:28 (1 Day 23:14 minutes ago) The FINANCIAL -- SAP AG (NYSE: SAP) on April 3 announced the successful placement of a "Schuldschein" (private placement transaction) in the amount of approximately €660 million on the Euro denominated capital markets. Lead managers were Landesbank Baden-Wuerttemberg LBBW (Technical Lead), Commerzbank AG, Deutsche Bank AG, and DZ Bank AG Deutsche Zentral-Genossenschaftsbank.
Werner Brandt, CFO SAP AG: "The transaction was significantly oversubscribed. Also the margin was fixed at the lower end of the spread band. Considering the current difficult and volatile conditions in capital markets, this successful transaction underscores SAP´s strong position in the financial market."
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