Florida Power & Light Co (NEE) 2022-1

USD1,000.0002Jan-24Sr. UnsecuredA1AA+FloatingSOFRSOFR+EquivSOFR+Equiv38SOFR+38-100.00000
USD1,500.00010Feb-32-Aa2A+AA-FixedTsyT+90-95T+75 a732.45%499.84000
Tranche Comments
2 yr: Book size: 2000; First Pay: 2022-04-12; Redemption: 2022-07-12; Registration: Registered; Comments: US$1bn 2yr NC6(1/12/24) at 100, floats at SOFR+38bp. LEI: A89MY1K3YLIGJMYWVX50; 10 yr: Book size: 3600; First Pay: 2022-08-03; Redemption: 2031-11-03; Registration: Registered; Comments: US$1.5bn 2.45% cpn 10yr (2/3/32) at 99.84, yld 2.468%. Spread: T+73bp. MWC T+15bp. LEI: A89MY1K3YLIGJMYWVX50;
Deal Comments
First Mortgage Bond (10yr). Active Bookrunners: GSC(B&D), CSG, MOS, CAG, JPM, BAM. Passive Bookrunners: BNY, CIB, MIZ, MUF, PNC, RBC, SNT, SCO, SMB, TDS, TRU
Use of Proceeds
Repay paper and general corporate purposes

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