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FPL SELLS $150 MILLION OF FIRST MORTGAGE BONDS

 FPL SELLS $150 MILLION OF FIRST MORTGAGE BONDS
 MIAMI, July 14 /PRNewswire/ -- Florida Power & Light Company (FPL)


today announced the sale of $150 million of 30-year first mortgage bonds bearing interest at 8.50 percent per year.
 Proceeds from the sale will be added to FPL's general funds and are expected to be used to repay short-term borrowings and to fund the construction of additional electrical facilities.
 The bonds will be offered to the public at 99.55 percent of par to yield 8.54 percent when held to maturity. FPL's interest cost, after underwriting commissions, is 8.62 percent.
 The negotiated sale was underwritten by a group co-managed by Salomon Brothers Inc., Goldman, Sachs & Co. and Merrill Lynch & Co. A prospectus relating to the securities may be obtained from these underwriting firms.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 7/14/92
 /CONTACT: Dale Thomas of Florida Power & Light Company Corporate Communications, 305-552-3894 or 305-552-3895/
 (FPL) CO: Florida Power & Light Company ST: Florida IN: UTI SU:


AW-JB -- FL013 -- 9209 07/14/92 15:26 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 14, 1992
Words:192
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