Florida Power & Light Co. sold $800 million of 3.15% first mortgage bonds, due Oct. 1, 2049.
The NextEra Energy Inc. utility intends to add the net proceeds from the offering to its general funds for general corporate purposes, including the repayment of a portion of the company's outstanding commercial paper obligations. The utility also plans to temporarily invest proceeds not immediately used in short-term instruments.
The securities were rated Aa2 by Moody's and A by S&P Global Ratings.
Underwriters included BofA Securities Inc., Credit Suisse Securities (USA) LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, among others.
