More banks join syndicate credit facility to Brazil power sector
August 13, 2014 at 13:40 PM EDT
SAO PAULO, Aug 13 (Reuters) - Another five commercial lenders agreed to join a syndicate of banks that will extend an additional 6.58 billion reais ($2.9 billion) in emergency credit to Brazilian electricity distributors as drought causes power rates to soar, the finance ministry said on Wednesday.