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FPL BACKS $12 MILLION IN TAX-EXEMPT REVENUE BONDS

 FPL BACKS $12 MILLION IN TAX-EXEMPT REVENUE BONDS
 MIAMI, May 19 /PRNewswire/ -- Florida Power & Light Company (FPL)


announced today the acceptance by St. Lucie County, Florida, of an offer by Goldman, Sachs & Co. for the sale on behalf of FPL of $12,015,000 of tax-exempt revenue bonds maturing on May 1, 2027.
 Proceeds from the sale will be used to finance a portion of the cost of the acquisition, construction and installation of certain solid waste disposal facilities at FPL's St. Lucie power plant.
 The bonds will bear interest at 6.70 percent and initially will be offered to the public at 99.375 percent of par. FPL's interest cost as the party backing the bonds (after underwriting costs) is 6.835 percent.
 An official statement relating to these securities can be obtained from the underwriter, Goldman, Sachs & Co.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 5/19/92
 /CONTACT: Bill Swank of Florida Power & Light Company, 305-552-3894 or 305-552-3895/ CO: Florida Power & Light Company ST: Florida IN: UTI SU:


AW -- FL012 -- 1868 05/19/92 13:21 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:196
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