Florida Power & Light Co., or FPL, a subsidiary of Juno Beach, Fla. -based NextEra Energy, Inc. (NEE) announced the sale of $600 million in principal amount of its 30-year first mortgage bonds bearing interest at 4.125 percent per year and maturing on February 1, 2042.
The company said that the first mortgage bonds were offered to the public at 99.753 percent of face value to yield 4.139 percent when held to maturity.
Net proceeds from the sale will be added to FPL's general funds, which the company expects to use to repay a portion of its outstanding commercial paper obligations and for other general corporate purposes.
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