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Florida Power & Light to price 30-year first mortgage bonds
By Devika Patel
Knoxville, Tenn., Feb. 21 – Florida Power & Light Co. is selling first mortgage bonds due March 1, 2049, according to a 424B5 filing with the Securities and Exchange Commission.
The bonds feature a make-whole call until Sept. 1, 2048 and then a par call.
BNP Paribas Securities Corp., Credit Agricole CIB, Mizuho Securities USA Inc., SMBC Nikko, Citigroup Global Markets Inc., Fifth Third Securities Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC are the bookrunners.
The co-managers are BMO Capital Markets Corp., HSBC Securities (USA) Inc., Mischler Financial Group, Inc, Synovus Securities, Inc. and Wolfe Capital Markets and Advisory. C.L. King & Associates and Guzman & Co. are the junior co-managers
Proceeds will be used for general corporate purposes.
Florida Power & Light is a Juno Beach, Fla.-based electric utility.
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