debt
confidence high
sentiment neutral
materiality 0.55
NextEra Energy Capital sells €2.5B in junior subordinated debentures in two tranches
NEXTERA ENERGY INC
- €1.25B Series V Junior Subordinated Debentures due 2056 at 3.996% through May 2031, then resets.
- €1.25B Series W Junior Subordinated Debentures due 2056 at 4.496% through May 2034, then resets.
- Both tranches callable at NEECH's option beginning in 2031 (Series V) and 2034 (Series W).
- Debentures are guaranteed on a subordinated basis by NextEra Energy, Inc. (NEE).
- Interest rates reset every five years based on Five-Year Swap Rate plus increasing margins.
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