Lafarge India plans to raise INR500 crore through a bond issue, the Economic Times (ET) of India has reported.

"The company will raise the bonds in tenors of two-three years," two people familiar with the development told ET.

"The coupon may be anywhere around 9.15-9.20 per cent for these bonds, since they are not frequent issuers," said a bond broker from a Mumbai-based brokerage. India Ratings has assigned AA+ rating to the bonds.