debt
confidence high
sentiment neutral
materiality 0.55
NextEra subsidiary sells $1.0B in 6.70% junior subordinated debentures due 2054
NEXTERA ENERGY INC
- NEECH sold $1.0B principal amount of Series Q Junior Subordinated Debentures due Sept 1, 2054.
- Interest rate fixed at 6.70% until Sept 1, 2029, then resets every five years at Five-Year Treasury Rate plus 2.364%.
- NEECH may redeem some or all starting June 2029; NEE provides subordinated guarantee.
- Debentures registered under Shelf Registration Statement Nos. 333-254632 series.
- Proceeds used for general corporate purposes (not specified but typical for such offerings).