Combine roll mix and yeast packet in a large bowl. Add hot water and next 3 ingredients. Stir just until dry ingredients are moistened; shape dough into a ball.
Sprinkle 1 1/2 tablespoons flour evenly over work surface. Turn dough out onto floured surface. Knead until smooth and elastic (about 5 minutes). Cover and let rest 5 minutes.
Sprinkle remaining 1 1/2 teaspoons flour evenly over work surface. Roll dough into a 16- x 10-inch rectangle on floured surface; spread 2 tablespoons margarine over dough. Combine 1/3 cup sugar and cinnamon; sprinkle over dough. Sprinkle with raisins.
Roll up dough, jellyroll fashion, beginning at long side. Pinch seam to seal. Cut roll into 1-inch slices; place 8 slices, cut sides down, into each of 2 (8-inch) round cakepans coated with cooking spray. Cover and let rise in a warm place (85°), free from drafts, 30 minutes or until doubled in bulk.
Bake at 375° for 20 to 22 minutes or until golden. Combine powdered sugar and milk; drizzle glaze over warm rolls.