Kraft Foods is reportedly mulling a GBP7bn (US$11.33bn) bond issue in order to finance its acquisition of UK chocolate maker Cadbury.

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According to The Sunday Times, the Dairylea maker intends to issue the bonds in order to refinance a short-term bridging loan provided by a consortium of investment banks, including Deutsche Bank.


While Kraft highlighted the possibility of a bond issue as an option in its formal offer to Cadbury shareholders last week, no formal announcement has been made.


Meanwhile, a spokesperson for the company said that the reports were “complete speculation”.


“We haven’t reached a decision on that,” the spokesperson said.

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