HEAT oven to 350°F.
MICROWAVE brown sugar, butter, peanut butter, syrup and water in microwaveable bowl on HIGH 1 min. or until butter is melted; stir until mixture is well blended. Pour into 9-inch pan sprayed with cooking spray; sprinkle with 1/4 cup nuts.
USE pulsing action to process remaining nuts and granulated sugar in food processor until nuts are almost ground; pour into shallow dish.
DIP dough pieces in nut mixture, turning to evenly coat each piece. Arrange in single layer over ingredients in pan; top with any remaining nut mixture.
BAKE 25 min. or until golden brown. Cool 1 min.; invert onto plate. Remove pan. Top bread with any nuts remaining in pan; cool slightly.