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FPL ANNOUNCES SALE OF FIRST MORTGAGE BONDS

 MIAMI, Dec. 16 /PRNewswire/ -- Florida Power & Light Company (FPL) today accepted an offer for the sale of $150 million of 20-year first mortgage bonds bearing interest at 7 7/8 percent per year and maturing on Dec. 1, 2012.
 The bonds will be offered to the public at 98.33 percent of par to yield 8.04 percent when held to maturity. FPL's interest cost, after underwriting commissions, is 8.10 percent. The sale was underwritten by Salomon Brothers; Donaldson, Lufkin & Jenrette; Prudential Securities; Paine Webber and Dillon Read. A prospectus relating to the bonds may be obtained from any of these underwriters.
 Proceeds from the sale are expected to be used to redeem $150 million principal amount of first mortgage bonds, 9 7/8 percent Series, due Feb. 1, 2016. The redemption is expected to occur on or about Feb. 1, 1993.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE:FPL).
 -0- 12/16/92
 /CONTACT: Dale Thomas of Florida Power & Light Co., 305-552-3894 or 305-552-3895/
 (FPL)


CO: Florida Power & Light Co. ST: Florida IN: UTI SU:

SS-JB -- FL008 -- 7719 12/16/92 12:43 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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