The Group has identified four new instruments to enable the UCBs to raise long-term capital/quasi capital funds.
These are: •  Unsecured, subordinated, non-convertible redeemable debentures/ bonds,  •  Special shares that are non-voting in nature (as opposed to shares with membership rights) which could be issued even at a premium,  •  Redeemable cumulative preference shares, and  •  Long term subordinated deposits with maturity in excess of 15 years.