New Issue: NextEra Energy Capital prices $1.25 billion 3.55% 10-year notes at 125 bps spread

By Cristal Cody

Tupelo, Miss., April 25 – NextEra Energy Capital Holdings Inc. priced $1.25 billion of 3.55% 10-year guaranteed debentures (Baa1/BBB+/A-) in line with guidance at a spread of 125 basis points over Treasuries on Tuesday, according to a market source.

The bookrunners were BofA Merrill Lynch, BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and SMBC Nikko Securities America, Inc.

The debentures are guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc.

The company will add the proceeds from the sale to its general funds, which may then be used to repay at maturity $600 million of its series E debentures due June 1, 2017 and $650 million of its series F debentures due Sept. 1, 2017, according to a 424B5 filing with the Securities and Exchange Commission.

NextEra Energy is an energy company based in Juno Beach, Fla.

Issuer:	NextEra Energy Capital Holdings Inc.
Guarantor:	NextEra Energy, Inc.
Amount:	$1.25 billion
Description:	Debentures
Maturity:	May 1, 2027
Bookrunners:	BofA Merrill Lynch, BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and SMBC Nikko Securities America, Inc.
Co-managers:	CIBC Capital Markets, Credit Agricole CIB, Regions Securities LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments Inc.
Coupon:	3.55%
Spread:	Treasuries plus 125 bps
Call features:	Make-whole call until Feb. 1, 2027, thereafter at par
Trade date:	April 25
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A-
Distribution:	SEC registered
Price guidance:	Treasuries plus 125 bps area

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