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Florida Power & Light Company FRN 13-MAR-2070

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Overview
Analysis

Key terms


Outstanding amount
‪174.66 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
4.89% (Variable)
Coupon frequency
Quarterly
Yield to maturity
4.89%
Maturity date
Mar 13, 2070
Term to maturity
45 years

About Florida Power & Light Company FRN 13-MAR-2070


Issuer
Florida Power & Light Co.
Sector
Utilities
Industry
Electric Utilities
Home page
Issue date
Mar 13, 2020
FIGI
BBG00SBWJCP1
Florida Power and Light Company is a U.S.-based electric utility, serving approximately 4.7 million customer accounts across nearly half of the state of Florida. As of year-end 2013, its typical 1,000 kWh residential customer bill was approximately 25 percent lower than the national average and the lowest in Florida among other utilities. Florida Power and Light Company was recognized in 2014 as the most trusted U.S. electric utility by Market Strategies International, and has earned the national ServiceOne Award for outstanding customer service for an unprecedented 10 consecutive years. Founded in 1925, Florida Power and Light Company has approximately 8,900 employees and is based in Florida, N.Y.
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