Debt (Tables)

9 Months Ended

Sep. 30, 2019

Significant long-term debt issuances and borrowings during the nine months ended September 30, 2019 were as follows:



	Principal Amount			Interest Rate						Maturity Date
	(millions)
FPL:
First mortgage bonds	$	1,400		3.15	%	-	3.99	%		2049
Senior unsecured notes	$	1,000		Variable					^(a)	2022
Gulf - Term loan	$	300		Variable					^(a)	2021
NEECH:
Debentures	$	550		Variable					^(a)	2020 - 2022
Debentures	$	3,500		2.90	%	-	3.50	%		2022 - 2029
Junior subordinated debentures	$	1,188		5.65				%	^(b)	2079
Debentures, related to NEE's equity units	$	1,500		2.10				%		2024
Other borrowings	$	1,200	^(c)	Variable					^(a)	2020 - 2022

———————————————


(a)	Variable rate is based on an underlying index plus a specified margin.


(b)	Beginning in May 2029, $500 million will bear interest at a variable rate based on an underlying index plus a specified margin.

(c)

$700 million was repaid in October 2019 with a portion of the proceeds from the NEECH 2.75% debentures discussed below.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details