SAP sets new record for December deal with five trancher

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SAP sets new record for December deal with five trancher

Nigel Owen
December 06, 2018 01:00 PM
SAP
dpatop - A SAP logo being hung on one of the software giant's buildings at the company's headquarters in Walldorf, Germany, 30 January 2018. SAP releases today its business figures for the past year. Photo: Uwe Anspach/dpa | Uwe Anspach/DPA/PA Images

German business software company SAP used its rarity value when it printed a €1.5bn triple tranche deal in March. However, that strategy may no longer be possible, after it sold the largest ever corporate bond priced in December to help fund its recently announced €8bn cash acquisition of experience management software provider Qualtrics.

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