NextEra Energy Capital Holdings Series K 5.25% Subordinated Debentures Due 2076
By: Tim McPartland,
Date Issued 5/31/2016
Shares Sold 20,000,000 Overallotment Shares 3,000,000
S&P Rating BBB Moodys Baa2
Security Ticker Symbol NEE-K
Market Traded ON NYSE
Interest Payment Paid on the 1st of March, June, September and December beginning on 09/1/2016
Quarterly Interest .328 Annual Interest 1.3125
Securities may be redeemed, at the issuers option, as early as 06/01/2021 for a redemption price of $25/share plus accrued interest
Securities may be redeemed PRIOR TO 6/1/2021. Redemption would be at $25 plus accrued interest plus a make whole payment of treasury yield plus 40 basis points.
Interest may be deferred for up to 10 consecutive years.
Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Maturity Date 6/1/2076
Company Investor Relations Page for NextEra Energy Capital
Click Here for the offering Prospectus and or final pricing document