NextEra Energy Capital Holdings Inc (NEE) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,250.0005Feb-28Sr. UnsecuredBaa1BBB+A-FixedTsyT+125 aT+1101104.90%1299.79300
USD600.0007Feb-30Sr. UnsecuredBaa1BBB+A-FixedTsyT+140 aT+1251255.00%1299.92600
USD1,000.00010Feb-33Sr. UnsecuredBaa1BBB+A-FixedTsyT+155 aT+1401405.05%899.97300
USD1,150.00030Feb-53Sr. UnsecuredBaa1BBB+A-FixedTsyT+175 aT+1551555.25%1099.95100
Tranche Comments
5 yr: Book size: 2900; First Pay: 2023-08-28; Redemption: 2028-01-28; Registration: Registered; Comments: US$1.25bn 4.90% cpn 5yr at 99.793, yld 4.946%. T+110bp. MWC T+20bp. Par Call: 1m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48; 7 yr: Book size: 2000; First Pay: 2023-08-28; Redemption: 2029-12-28; Registration: Registered; Comments: US$600m 5.00% cpn 7yr at 99.926, yld 5.012%. T+125bp. MWC T+20bp. Par Call: 2m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48; 10 yr: Book size: 3000; First Pay: 2023-08-28; Redemption: 2032-11-28; Registration: Registered; Comments: US$1bn 5.05% cpn 10yr at 99.973, yld 5.053%. T+140bp. MWC T+25bp. Par Call: 3m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48; 30 yr: Book size: 4500; First Pay: 2023-08-28; Redemption: 2052-08-28; Registration: Registered; Comments: US$1.15bn 5.25% cpn 30yr at 99.951, yld 5.253%. T+155bp. MWC T+25bp. Par Call: 6m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48;
Deal Comments
Active Bookrunners: WFS, BRC, CSG, SMB, MOS, MUF. Passive Bookrunners: BNP, BMO, BNY, BAM, CIB, CTI, CAG, FTB, GSC, JPM, KEY, MIZ, PNC, RBC, REG, SNT, SCO, TDS, TRU, USB
Use of Proceeds
To fund investments in energy and power projects, for general corporate purposes, repay debt and prefund the refinancing
Research
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