FPL GROUP INC
			Symbol			FPL

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FPL Group Capital Announces Sale of $200 Million of Debentures Guaranteed by FPL Group

2009-11-05 13:00 ET - News Release

Company Website: http://www.FPLGroup.com
JUNO BEACH, Fla. -- (Business Wire)

FPL Group Capital Inc today announced the sale of $200 million in principal amount of three-year floating rate debentures. The debentures will initially bear interest at the three-month London Interbank Offered Rate (LIBOR) plus 40 basis points and will mature on Nov. 9, 2012. Interest on the floating rate debentures will be reset quarterly. The debentures will be guaranteed by FPL Group Capital’s parent company, FPL Group, Inc. (NYSE:FPL).

The debentures were offered to the public at 100 percent of face value. Net proceeds from these sales will be added to FPL Group Capital’s general funds, which the company expects to use to repay a portion of its outstanding commercial paper obligations.

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