Florida Power & Light Co (NEE) 2023-4

USD500.0003May-26Sr. UnsecuredA1AA+FixedTsyT+105 aT+80804.45%1099.95300
USD750.0005May-28-Aa2A+AA-FixedTsyT+120 aT+95954.40%1099.93400
USD500.0007May-30-Aa2A+AA-FixedTsyT+140 aT+1151154.65%1099.95900
USD750.00010May-33-Aa2A+AA-FixedTsyT+155 aT+1301304.80%1099.96900
Tranche Comments
3 yr: Book size: 1500; Registration: Registered; Comments: US$500m 4.45% cpn 3yr (5/15/26) at 99.953, yld 4.467%. Spread: T+80bp. MWC T+15bp. Par Call: 1m. LEI: A89MY1K3YLIGJMYWVX50; 5 yr: Book size: 2100; Registration: Registered; Comments: US$750m 4.40% cpn 5yr (5/15/28) at 99.934, yld 4.415%. Spread: T+95bp.MWC T+15bp. Par Call: 2m. LEI: A89MY1K3YLIGJMYWVX50; 7 yr: Book size: 1900; Registration: Registered; Comments: US$500m 4.65% cpn7yr (5/15/30) at 99.959, yld 4.632%. Spread: T+115bp. MWC T+20bp. Par Call: 2m. LEI: A89MY1K3YLIGJMYWVX50; 10 yr: Book size: 3400; Registration: Registered; Comments: US$750m 4.80% cpn 10yr (5/15/33) at 99.969, yld 4.804%. Spread: T+130bp. MWC T+20bp. Par Call: 3m. LEI: A89MY1K3YLIGJMYWVX50;
Deal Comments
First Mortgage Bonds (5yr, 7yr, 10yr)
Use of Proceeds
Repay outstanding debt and general corporate purposes

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