Power-plant operator FPL Group Capital Inc. said Friday it sold $400 million in debentures.
The debentures bear interest at 2.6 percent per year and will mature Sept. 1, 2015. The debentures will be guaranteed by FPL Group Capital's parent company, NextEra Energy Inc.
The debentures were offered to the public at 99.967 percent of face value to yield 2.607 percent when held to maturity.
Net proceeds will be added to FPL Group Capital's general funds, which the company expects to use to repay debt.
Shares of FPL Group Capital rose 84 cents to close at $53.89.
