NextEra Energy Capital Holding on Aug. 9 completed a remarketing of approximately $699.9 million of series H debentures due Sept. 1, 2020.

The debentures were originally issued as part of NextEra Energy Inc.'s corporate units in September 2015 and are guaranteed by the parent company.

Upon completion of the remarketing, the interest rate on the debentures was reset to 3.342% per year and interest will be payable March 1 and Sept. 1, commencing Sept. 1, according to a company filing.

The company will use proceeds to purchase a portfolio of U.S. Treasury securities, which will be substituted for the debentures and pledged to secure the obligation of the holders of the corporate units to purchase NextEra Energy common stock on Sept. 1. The proceeds that are not part of the corporate units will be paid to unit holders at their discretion.

Barclays Capital Inc., Mizuho Securities USA LLC and Wells Fargo Securities LLC acted as remarketing agents.