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Debt
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt
Debt

Significant long-term debt issuances during the three months ended March 31, 2019 were as follows:
 
Principal Amount
 
Interest Rate
 
Maturity Date
 
(millions)
 
 
 
 
 
 
FPL - First mortgage bonds
$
600

 
3.99
%
 
2049
NEECH:
 
 
 
 
 
   Debentures
$
550

 
Variable
 
(a) 
2020 - 2022
   Debentures
$
800

 
3.20%
-
3.30
%
 
2022
  Junior subordinated debentures
$
688

 
5.65
%
 
2079
———————————————
(a)
Variable rate is based on an underlying index plus a margin.

In April 2019, NEECH sold $2,700 million principal amount of its debentures with interest rates ranging from 2.90% to 3.50% and maturity dates ranging from 2022 through 2029, and $500 million principal amount of its Series O Junior Subordinated Debentures due May 1, 2079 which bear interest at a rate of 5.65% until 2029 and thereafter will bear interest at a variable rate. Also, in April 2019, NEECH entered into and borrowed $500 million under two $250 million variable rate term loan agreements with maturity dates of 2021 and 2022. Finally, in April 2019, NEECH repaid $4.5 billion of borrowings under the short-term term loan agreements that it entered into to finance a portion of the purchase price paid by NEE for the acquisition of Gulf Power. See Note 7 - Gulf Power.