Chicago, March 10 – NextEra Energy Capital Holdings Inc. sold $275 million of 4.3% 40-year debentures (//A-) on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at par.
The debentures will be guaranteed by NextEra Energy, Inc.
Early redemption at the option of the issuer starts on March 24, 2027. After that date, the notes can be redeemed annually on each March 24. Any early redemption would be at par plus unpaid interest.
The SEC-registered debentures will be listed on the Taipei Exchange.
Bookrunners for the deal are Morgan Stanley Taiwan Ltd., BNP Paribas SA, Taipei Branch, Credit Agricole CIB, Taipei Branch and J.P. Morgan Securities (Taiwan) Ltd.
Proceeds will be used for general corporate purposes, including the payment of outstanding commercial paper.
NextEra Energy is an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Guarantor: | NextEra Energy, Inc.
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| Amount: | $275 million
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| Issue: | Debentures
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| Maturity: | March 24, 2062
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| Bookrunners: | Morgan Stanley Taiwan Ltd., BNP Paribas SA, Taipei Branch, Credit Agricole CIB, Taipei Branch and J.P. Morgan Securities (Taiwan) Ltd.
|
| Structuring agent: | Morgan Stanley & Co. LLC
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| Joint structuring agents: | BNP Paribas SA, Taipei Branch, Credit Agricole CIB, Taipei Branch and J.P. Morgan Securities (Taiwan) Ltd.
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| Counsel to issuer: | Morgan, Lewis & Bockius LLP, Squire Patton Boggs (US) LLP and Lee and Li
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| Counsel to bookrunners: | Hunton Andrews Kurth LLP
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| Coupon: | 4.3%
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| Price: | Par
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| Yield: | 4.3%
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| Call features: | Starting annually on March 24, 2027 at par plus unpaid interest
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| Trade date: | March 10
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| Settlement date: | March 24
|
| Rating: | Fitch: A-
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| Distribution: | SEC registered, Taipei Exchange
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| ISIN: | XS2456252860
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