Florida Power & Light to price 30-year first mortgage bonds

Chicago, Sept. 10 – Florida Power & Light Co. is selling first mortgage bonds due Oct. 1, 2049, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds feature a make-whole call until April 1, 2049 and then a par call.

BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., Mizuho Securities USA LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used for general corporate purposes including the repayment of commercial paper.

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

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