Florida Power and Light Sells $300 Million in Bonds

    Florida Power & Light on Thursday sold $300 million in 30-year first mortgage bonds, joint lead manager Barclays Capital said. ABN Amro and Citigroup Global Markets Inc. were the other joint lead managers for the sale, the sources said. BORROWER: FLORIDA POWER & LIGHT CO. AMT $300 MLN COUPON 5.85 PCT MATURITY 5/1/2037 TYPE 1ST MTG BONDS ISS PRICE 99.80 FIRST PAY 11/1/2007 MOODY'S Aa3 YIELD 5.864 PCT SETTLEMENT 4/17/2007 S&P SINGLE-A SPREAD 93 BPS PAY FREQ SEMI-ANNUAL FITCH AA-MINUS MORE THAN TREAS MAKE-WHOLE CALL 15 BPS