By Andrea Heisinger
New York, May 16 - NextEra Energy Capital Holdings, Inc. sold $350 million of 1.611% series C debentures due 2014 on Wednesday in a remarketing, according to an FWP filing with the Securities and Exchange Commission.
The debentures (Baa1/BBB+/A-) were priced at 100.348 to yield 1.436% with a spread of 115 basis points over Treasuries. The notes are non-callable.
The remarketing is for equity units initially consisting of corporate units sold by NextEra Energy, Inc., formerly known as FPL Group Inc.
Credit Suisse Securities (USA) LLC was remarketing agent.
Proceeds are being used to purchase a Treasury portfolio then pledged to secure purchase contract obligations of holders of corporate units.
The deal is guaranteed by NextEra Energy, Inc., a utility company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings, Inc.
|
| Guarantor: | NextEra Energy, Inc.
|
| Issue: | Series C debentures
|
| Amount: | $350 million
|
| Maturity: | June 1, 2014
|
| Remarketing agent: | Credit Suisse Securities (USA) LLC
|
| Coupon: | 1.611%
|
| Price: | 100.348
|
| Yield: | 1.436%
|
| Spread: | Treasuries plus 115 bps
|
| Call: | Non-callable
|
| Trade date: | May 16
|
| Settlement date: | May 21
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
| Remarketing: | For equity units initially consisting of corporate units sold by NextEra Energy, Inc., formerly known as FPL Group Inc.
|
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