Bank of Jinzhou’s woes to shake support for AT1s

Romolo Tavani/Romolo Tavani - Fotolia

Chinese city commercial bank Bank of Jinzhou plans to cancel coupon payments on its dollar additional tier one bonds for a year, the first such case from a mainland lender. The “shock” move from the beleaguered firm could shake investors’ risk appetite for bank capital deals from the country, writes Morgan Davis.