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Steam rises from a mug bearing the Cadbury logo in this photo illustration taken in Pitlochry, Scotland February 2, 2010. REUTERS/Russell Cheyne

Steam rises from a mug bearing the Cadbury logo in this photo illustration taken in Pitlochry, Scotland February 2, 2010.

Credit: Reuters/Russell Cheyne

NEW YORK | Thu Feb 4, 2010 9:15am EST

NEW YORK (Reuters) - Kraft Foods Inc KFT.N on Thursday launched a 4-part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury CBRY.L, IFR reported.

Kraft is planning to sell $1 billion of 3.25-year notes at a yield spread of 137.5 basis points over comparable Treasuries, said IFR, a Thomson Reuters service.

The company is planning to sell $1.75 billion of 6-year notes at 185 basis points over Treasuries, $3.75 billion of 10-year bonds at 185 basis points over Treasuries and $3 billion of 30-year bonds at 200 basis points over Treasuries.

BNP Paribas, Citigroup, Deutsche Bank, HSBC and Royal Bank of Scotland are joint lead managers on the deal.

(Reporting by Ciara Linnane; Editing by James Dalgleish)
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