Indiabulls Housing Finance has raised funds by allotment of secured, redeemable, non-convertible debentures aggregating to Rs 225 crore. The coupon rate on the bonds is 8.37 per cent per annum. This is a tranche of companys Rs 6,000 crore fund- raising which it had announced in November.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).