NEW YORK, Feb 3 (Reuters) - Kraft Foods (KFT.N: Quote, Profile, Research) is planning a four-part debt sale with a minimum of $1.0 billion per tranche on Wednesday or Thursday, said a banker close to the deal on Wednesday.

The sale is expected to include 3.25-year, 6-year and 10-year notes and 30-year bonds.

Proceeds will be used to finance the acquisition of Cadbury (CBRY.L: Quote, Profile, Research).

The joint lead managers on the sale are Citigroup, BNP Paribas, Deutsche Bank, HSBC and RBS.

Depending on the price, "I would anticipate pretty decent demand," said Richard Lee, head of fixed-income at broker-dealer Wall Street Access in New York.

The tone in the corporate bond market has been a little stronger since Tuesday, "with a little more confidence in the market...on a combination of things," said Lee.

Kraft won control of Cadbury on Tuesday as holders of almost 72 percent of Cadbury's stock accepted the 11.7 billion pound ($18.7 billion) takeover that will create the world's biggest confectioner. Kraft needed just 50 percent plus one share to acquire Cadbury.

The market has been awaiting a large bond issue from Kraft to refinance the 7.1 billion pound ($11.3 billion) bridge loan it obtained to temporarily finance the Cadbury acquisition.

The senior unsecured bond issue is expected to be rated Baa2 by Moody's Investors Service, its second-lowest investment grade, and BBB-minus by Standard & Poor's, its lowest investment grade.

S&P on Tuesday downgraded Kraft by two notches, saying the debt being taken on to purchase Cadbury will weaken Kraft's credit quality. However, S&P assigned a positive outlook, saying it could upgrade Kraft if it successfully integrates Cadbury and improves credit measures.

Moody's confirmed Kraft's rating, saying it expects the company to generate sufficient cash flow to restore its credit quality in less than two years.

(Reporting by Caryn Trokie; Additional reporting by Alex Chambers in London and Dena Aubin and John Parry in New York; Editing by Chizu Nomiyama)