Midday Commentary: Florida Power, Roper Industries notes mixed in secondary market trading

By Aleesia Forni

Virginia Beach, Va., May 31 - Thursday's new issue from Roper Industries, Inc. traded wider early Friday, while the recent bonds from Florida Power & Light Co. were quoted 1 basis point tighter, one trader said.

Roper Industries' $800 million of 2.05% five-year senior notes traded 2 bps wider on the day.

The notes were quoted at 110 bps bid, 105 bps offered following Thursday's sale at a spread of Treasuries plus 110 bps.

The diversified industrial technology company is based in Sarasota, Fla.

Meanwhile, Florida Power & Light's $500 million issue of 2.75% 10-year first mortgage bonds traded 1 bp tighter on Friday at 67 bps bid, 65 bps offered.

The notes were sold at a spread of Treasuries plus 68 bps.

The utility subsidiary of NextEra Energy Inc. is based in Juno Beach, Fla.

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