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FPL ANNOUNCES SALE OF FIRST MORTGAGE BONDS

 MIAMI, Jan. 6 /PRNewswire/ -- Florida Power & Light Company (FPL) today announced the sale of $250 million of first mortgage bonds bearing interest at 7 7/8 percent per year and maturing on Jan. 1, 2013.
 The bonds will be offered to the public at 98.86 percent of par to yield 7.99 percent when held to maturity. FPL's interest cost, after underwriting commissions, is 8.08 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 bonds may be obtained from these underwriters.
 Proceeds from the sale are expected to be used to redeem $125 million principal amount of first mortgage bonds, 9 3/4 percent Series due April 1, 2017 and $125 million principal amount of first mortgage bonds, 9 5/8 percent Series due Feb. 1, 2018. The redemption is expected to occur on or about Feb. 8, 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- 1/6/93
 /CONTACT: Bill Swank of Florida Power & Light, 305-552-3894, or 305-552-3895/
 (FPL)


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

AW -- FL003 -- 2237 01/06/93 13:38 EST
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Publication:PR Newswire
Date:Jan 6, 1993
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