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FORM 8-K |
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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Commission |
Exact name of registrant as specified in its |
IRS Employer |
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700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 |
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State or other jurisdiction of incorporation or organization: Florida |
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SECTION 8 - OTHER EVENTS |
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Item 8.01 Other Events |
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On September 17, 2007, FPL Group Capital Inc (FPL Group Capital), a wholly-owned subsidiary of FPL Group, Inc. (FPL Group), sold $250 million principal amount of its Series D Junior Subordinated Debentures due 2067 (Series D Debentures). In addition, on September 18, 2007, FPL Group Capital sold $350 million principal amount of its Series E Junior Subordinated Debentures due 2067 (Series E Debentures). The Series D Debentures will initially bear interest at 7.30% per year, payable semi-annually, and, beginning September 1, 2017, will bear interest at the three-month London InterBank Offered Rate plus 334.75 basis points, reset and payable quarterly. The Series E Debentures bear interest at 7.45% per year, payable quarterly. Both series of debentures are fully and unconditionally guaranteed on a subordinated basis by FPL Group. The Series D Debentures were sold pursuant to a Prospectus Supplement dated September 10, 2007 to a Prospectus dated May 3, 2007, the Series E Debentures were sold pursuant to a Prospectus Supplement dated September 11, 2007 to a Prospectus dated May 3, 2007 and both the Series D Debentures and Series E Debentures were sold pursuant to Registration Statement Nos. 333-137120, 333-137120-01, 333-137120-02, 333-137120-03, 333-137120-04, 333-137120-05, 333-137120-06, 333-137120-07 and 333-137120-08, as amended. This Current Report on Form 8-K is being filed to report as exhibits certain documents in connection with these offerings. |
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SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS |
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K. MICHAEL DAVIS |
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K. Michael Davis |
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Controller and Chief Accounting Officer of FPL Group, Inc. |