AXA, Commerzbank create mid-cap financing venture

PARIS, June 6 Thu Jun 6, 2013 8:41am EDT

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PARIS, June 6 (Reuters) - French insurer AXA and German bank Commerzbank announced a financing partnership for mid-sized companies on Thursday, as insurers boost lending to corporates in a low-interest-rate environment.

The partnership will offer credit lines, bilateral loans and private-placement bond issuance to companies in Germany, Switzerland and Austria, AXA and Commerzbank said in a statement. (Reporting by Lionel Laurent; Editing by Christian Plumb)

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