SG-Axa SME lending scheme begins with big fish Sonepar
Société Générale and Axa have signed their first euro private placement under a partnership they set up in June. Sonepar, the family-owned French electrical equipment wholesaler, is the borrower under the deal. SG and Axa did not reveal the size or any other details of the financing.
The company is unlisted, unrated and has never issued a bond, according to Dealogic.
The aim of the partnership is to pair SGs origination capability with Axas appetite to invest in medium to long term credit for French small and medium-sized enterprises. SG will retain a small part of
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