NEW YORK--(BUSINESS WIRE)--Some small and medium Brazilian banks are seeking to repurchase debt below face value to preserve their net interest margins (NIMs) amid Brazil's challenged economic environment, says Fitch Ratings. Weakening loan demand and pressures on asset quality are depressing banks' bond prices. However, slowing loan growth is boosting banks' liquidity while expanding their capacity for debt repurchases. Banks executing buybacks through tender offers are targeting senior and su
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