Bajaj Housing Finance has raised over 508 crore through the private placement of secured redeemable non-convertible debentures (NCDs). The NCDs, with a face value of 1,00,000 each, carry a fixed annual coupon of 7.10% and mature on October 16, 2028. These debentures are secured by a charge on the company's book debts and loan receivables. This fundraising is part of Bajaj Housing Finance's strategy to bolster its capital base for its expanding loan portfolio.