Florida Power & Light prices $400 million of first mortgage bonds

Written By: Tracy Dawson Roses
September 25, 2015

FPL Main

On September 25, Florida Power & Light Company, a wholly owned subsidiary of NextEra Energy, Inc. announced the pricing of its previously announced tender offer to purchase up to an $400 million of its First Mortgage Bonds. J.P. Morgan Securities LLC is acting as the Dealer Manager for the Tender Offer.

The pricing is as follows:
5.85% Series due Feb. 1, 2033 (CUSIP No. 341081EP8) (the “2033 Bonds”)
5.95% Series due Oct. 1, 2033 (CUSIP No. 341081ER4) (the “2033A Bonds”)
6.20% Series due June 1, 2036 (CUSIP No. 341081EX1) (the “2036 Bonds”)
5-5/8% Series due April 1, 2034 (CUSIP No. 341081EQ6) (the “2034 Bonds”)
5.65% Series due Feb. 1, 2035 (CUSIP No. 341081ES2) (the “2035 Bonds”)
5.40% Series due Sept. 1, 2035 (CUSIP No. 341081EU7) (the “2035A Bonds”)
5.85% Series due May 1, 2037 (CUSIP No. 341081EY9) (the “2037 Bonds”)
5.65% Series due Feb. 1, 2037 (CUSIP No. 341081EV5) (the “2037A Bonds”)
5.95% Series due Feb. 1, 2038 (CUSIP No. 341081FA0) (the “2038 Bonds”)
5.96% Series due April 1, 2039 (CUSIP No. 341081FB8) (the “2039 Bonds”)

Florida Power & Light Company is the third-largest electric utility in the United States, serving approximately 4.8 million customer accounts.