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FPL ANNOUNCES SALE AND REDEMPTION OF FIRST MORTGAGE BONDS

 MIAMI, April 16 /PRNewswire/ -- Florida Power & Light Company (FPL) today accepted an offer from Lehman Brothers for the sale of $225 million of first mortgage bonds bearing interest at 7.30 percent per year, due April 1, 2016.
 The bonds will be offered to the public at 98.00 percent of par to yield 7.48 percent when held to maturity. FPL's interest cost, after underwriting commissions, is 7.52 percent. A prospectus relating to the bonds may be obtained from the underwriter.
 Proceeds from the sale will be added to FPL's general funds and are expected to be used, along with other funds, to redeem $100 million principal amount of first mortgage bonds, 9 1/8 percent Series due May 1, 2016, and $125 million principal amount of first mortgage bonds, 9 percent Series due Oct. 1, 2016. In addition, FPL expects to use other funds to redeem $35 million principal amount of first mortgage bonds, 45/8 percent series due April 1, 1994. These redemptions are expected to occur on or about May 19, 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- 4/14/93
 /CONTACT: Dale Thomas of Florida Power & Light, 305-552-3894 or 305-552-3895/
 (FPL)


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

AW -- FL007 -- 5673 04/14/93 11:38 EDT
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Publication:PR Newswire
Date:Apr 14, 1993
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