Banks want higher rates in Brazil power sector loan, sources say
March 06, 2015 at 12:08 PM EST
SAO PAULO, March 6 (Reuters) - Brazil's three biggest private-sector banks are willing to extend a 3.15 billion-real ($1 billion) loan to bolster the finances of the nation's power distributors as long as borrowing costs reflect higher risks and a longer maturity, three sources with direct knowledge of the negotiations said on Friday.