Florida Power & Light intends to sell floating-rate notes due 2023

By Devika Patel

Knoxville, Tenn., July 28 – Florida Power & Light Co. plans to sell floating-rate notes due July 28, 2023, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are callable on or after Jan. 28, 2021 at par.

Citigroup Global Markets Inc., Fifth Third Securities Inc., RBC Capital Markets Corp., Regions Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

Florida Power & Light is a Juno Beach, Fla.-based electric utility.

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