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FPL GROUP CAPITAL ANNOUNCES SALE AND REDEMPTION OF DEBENTURES

 JUNO BEACH, Fla., April 27 /PRNewswire/ -- FPL Group Capital Inc. today sold $125 million of debentures bearing interest at 7 5/8 percent per year, due May 1, 2013.
 Proceeds from the sale will be added to the company's general funds and are expected to be used to redeem $100 million of debentures 10 1/8 percent Series, due June 1, 2017; $10 million of medium-term notes, 9.20 percent Series, due March 2, 1998; and $5 million of medium-term notes, 9.25 percent Series, due March 16, 1998. The redemptions are expected to occur on or about June 1, 1993.
 The new debentures will be offered to the public at 98.13 percent of par to yield 7.81 percent when held to maturity. The interest cost to FPL Group Capital, after underwriting commissions, is 7.90 percent.
 The negotiated sale was underwritten by Salomon Brothers Inc; Donaldson, Lufkin & Jenrette; Prudential Securities Incorporated; Chase Securities, Inc.; and Dillon, Read & Co. Inc. A prospectus relating to these securities may be obtained from these underwriting firms.
 FPL Group Capital is a wholly owned subsidiary of FPL Group, Inc. (NYSE: FPL) which provides funding for FPL Group's non-utility subsidiaries. FPL Group, Inc. is a diversified holding company whose principal subsidiary is Florida Power & Light Company, one of the largest investor-owned electric utilities in the nation.
 -0- 4/27/93
 /CONTACT: Dale Thomas of Florida Power & Light corporate communications dept., 305-552-384 or 305-552-3895/
 (FPL)


CO: FPL Group Capital Inc. ST: Florida IN: FIN UTI SU:

AW -- FL011 -- 1507 04/27/93 15:07 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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