LONDON, June 10 (Reuters) - Bermuda-based drinks group Bacardi is expected to launch a loan refinancing of under $2 billion to wider syndication this week, bankers close to the deal said.

In March, Bacardi agreed $3 billion worth of financing including a $2 billion loan to refinance debt incurred in its acquisition of Grey Goose Vodka in 2004 and a $1 billion bridge loan to bond issuance.

Bacardi's loan of up to $2 billion is now being sold to a selective group of banks after the $1 billion bridge loan was refinanced with the proceeds of a $500 million private placement in March and a 650 million euro bond in April, one banker said.

The loan being syndicated is roughly split into a $1 billion three-year term loan and a $1 billion three-year revolving credit facility.

Prospective lenders are expected to be asked to commit $30 million for fees of 75 basis points, a second banker said. A bank meeting is expected to be held in Italy on Wednesday June 17, according to a third banker.

The loan is being arranged by Bank of America, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, BBVA, Calyon, Citigroup, Intesa SanPaolo, Lloyds, Royal Bank of Scotland, Santander and Scotiabank.

Bacardi's drinks stable includes Bacardi rum, Grey Goose vodka, Bombay Sapphire gin and Martini vermouth.