SAP exploits rarity value for tight triple-trancher
![SAP](https://assets.euromoneydigital.com/dims4/default/61a0bb8/2147483647/strip/true/crop/230x153+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F4c%2Fbf%2Fe665cc2099df20f55f5b961b70d5%2Fsap-pa-230x150.jpg)
German business software company SAP printed a €1.5bn triple tranche deal at tight spreads on Wednesday after more than a year and a half without issuing.
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