Kraft to sell $9.5 billion debt to buy Cadbury: report

<div><p>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.</p><p>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.</p><p>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.</p><p>BNP Paribas, Citigroup, Deutsche Bank, HSBC and Royal Bank of Scotland are joint lead managers on the deal.</p><p>(Reporting by Ciara Linnane; Editing by James Dalgleish)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68438675&bid=informcom" /></div><div id="copyright"><div>


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