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FPL ANNOUNCES SALE OF FIRST MORTGAGE BONDS

 MIAMI, Sept. 16 /PRNewswire/ -- Florida Power & Light Company today accepted an offer from Goldman, Sachs & Co. for the sale of $125 million of 32-year first mortgage bonds bearing interest at 7 percent per year, and maturing on Sept. 1, 2025, and an offer from Merrill Lynch & Co. for the sale of $125 million of 6 1/2-year first mortgage bonds bearing interest at 5 3/8 percent per year, and maturing on April 1, 2000.
 Net proceeds from the sales will be added to FPL's general funds and are expected to be used, together with other funds, to buy back up to $340 million of first mortgage bonds and secured medium-term notes pursuant to tender offers by FPL announced earlier today.
 The 32-year bonds will be offered to the public at 100 percent of par to yield 7 percent when held to maturity and the 6 1/2-year bonds will be offered to the public at 100 percent of par to yield 5 3/8 percent when held to maturity. The effective interest cost to FPL after underwriting commission is 7.03 percent for the 32-year bonds and 5.43 percent for the 6 1/2-year bonds.
 A prospectus relating to the securities may be obtained from the respective underwriters.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 9/16/93
 /CONTACT: Dale Thomas of Florida Power & Light Company, 305-552-3894 or 305-552-3895/
 (FPL)


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

RK -- FL009 -- 2809 09/16/93 16:10 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
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