By Cristal Cody
Tupelo, Miss., Dec. 11 – NextEra Energy Capital Holdings Inc. sold $500 million of 2.8% five-year debentures on Monday at a spread of 65 basis points over Treasuries, according to a market source and an FWP filing with the Securities and Exchange Commission.
The debentures (Baa1/BBB+/A-) priced at 99.96 to yield 2.808%.
CIBC World Markets Inc., Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, RBC Capital Markets, LLC and Regions Securities LLC were the bookrunners.
The debentures are guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc.
Proceeds will be used to redeem all $500 million of the company’s 6% debentures due March 1, 2019 on Dec. 28, for investments in energy and power projects and for other general corporate purposes.
NextEra Energy is an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Guarantor: | NextEra Energy, Inc.
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| Amount: | $500 million
|
| Description: | Debentures
|
| Maturity: | Jan. 15, 2023
|
| Bookrunners: | CIBC World Markets Inc., Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, RBC Capital Markets, LLC and Regions Securities LLC
|
| Co-managers: | SG Americas Securities, LLC and Williams Capital Group LP
|
| Junior co-manager: | Siebert Cisneros Shank & Co., LLC
|
| Coupon: | 2.8%
|
| Price: | 99.96
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| Yield: | 2.808%
|
| Spread: | Treasuries plus 65 bps
|
| Call features: | Make-whole call before Dec. 15, 2022 at par and Treasuries plus 10 bps; thereafter at par
|
| Trade date: | Dec. 11
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| Settlement date: | Dec. 14
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| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
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| Fitch: A-
|
| Distribution: | SEC registered
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