Wrap each chestnut in half slice of bacon. (If chestnuts are large, cut in half.) Secure with toothpick.
Combine remaining ingredients. Pour over bacon wrapped chestnuts. Let marinate several hours. Drain, reserving marinade.
Place on rack in 8 x 12 inch baking dish. Cover with paper towel.
Bake at 350 degrees for 12-15 minutes, turning halfway through. Bake until bacon is slightly crisp and evenly brown. Serve hot.