Bajaj Finance has raised Rs 1,510.90 crore by issuing non-convertible debentures (NCDs) on private placement basis. The company has allotted 15,109 secured redeemable NCDs of Rs 10 lakh each to raise the amount, it said in a regulatory filing. The bonds offer coupon rate of 7.85 per cent per annum. Stock of Bajaj Finance closed 0.53 per cent up at Rs 1,174.10 on BSE.