9. Debt

Significant long-term debt issuances and borrowings by subsidiaries of NEE during the nine months ended September 30, 2013 were as follows:



Date Issued	Company	Debt Issuances/Borrowings	Interest Rate			Principal Amount		Maturity Date
						(millions)
January - September 2013	NEECH and NEER subsidiary	Canadian revolving credit agreements	Variable		^(a)	$	189	Various
January - September 2013	NEER subsidiaries	Euro-denominated senior secured limited-recourse loan	Variable		^(a)(b)	$	106	2030	^(c)
August - September 2013	NEER subsidiary	Term loan facility	Variable		^(a)	$	62	2019
January - March 2013	Lone Star Transmission, LLC	Senior secured limited-recourse loan	Variable		^(a)	$	77	2016
January 2013	NEECH	Junior subordinated debentures	5.00	%		$	450	2073
May 2013	NEER subsidiary	Senior secured limited-recourse term loan	Variable		^(d)	$	1,150	2020
June 2013	FPL	First mortgage bonds	2.75	%		$	500	2023
June 2013	NEECH	Debentures	3.625	%		$	250	2023
June 2013	NEER subsidiary	Senior secured limited-recourse term loan	Variable		^(a)(b)	$	254	2031
July 2013	NEER subsidiary	Senior secured limited-recourse term loan	Variable		^(a)(b)	$	66	2021
September 2013	NEECH	Debentures related to NEE's equity units	1.45	%		$	500	2018

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


(b)	Interest rate swap agreements have been entered into with respect to these issuances. See Note 2.


(c)	See Note 10 - Spain Solar Projects for discussion of a default on the senior secured limited-recourse loan.


(d)	Variable rate is based on the greater of an underlying index or a floor, plus a margin.

In August 2013, NEECH completed a remarketing of approximately $402.4 million aggregate principal amount of its Series D Debentures due September 1, 2015, which constitutes a portion of the $402.5 million aggregate principal amount of such debentures (Debentures) that were issued in September 2010 as components of equity units issued concurrently by NEE (2010 equity units). The Debentures are guaranteed by NEE. In connection with the remarketing of the Debentures, the interest rate on the Debentures was reset to 1.339% per year, and interest is payable on March 1 and September 1 of each year, commencing September 1, 2013. In connection with the settlement of the contracts to purchase NEE common stock that were issued as components of the 2010 equity units, in August and September 2013, NEE issued a total of 5,946,530 shares of common stock in exchange for $402.5 million.

In September 2013, NEE sold $500 million of equity units (initially consisting of Corporate Units). Each equity unit has a stated amount of $50 and consists of a contract to purchase NEE common stock (stock purchase contract) and, initially, a 5% undivided beneficial ownership interest in a Series G Debenture due September 1, 2018 issued in the principal amount of $1,000 by NEECH (see table above). Each stock purchase contract requires the holder to purchase by no later than September 1, 2016 (the final settlement date) for a price of $50 in cash, a number of shares of NEE common stock (subject to antidilution adjustments) based on a price per share range of $82.70 to $99.24. If purchased on the final settlement date, as of September 30, 2013, the number of shares issued would (subject to antidilution adjustments) range from 0.6046 shares if the applicable market value of a share of common stock is less than or equal to $82.70 to 0.5038 shares if the applicable market value of a share is equal to or greater than $99.24, with applicable market value to be determined using the average closing prices of NEE common stock over a 20-day trading period ending August 29, 2016. Total annual distributions on the equity units will be at the rate of 5.799%, consisting of interest on the debentures (1.45% per year) and payments under the stock purchase contracts (4.349% per year). The interest rate on the debentures is expected to be reset on or after March 1, 2016. The holder of the equity unit may satisfy its purchase obligation with proceeds raised from remarketing the NEECH debentures that are part of its equity unit. The undivided beneficial ownership interest in the NEECH debenture that is a component of each Corporate Unit is pledged to NEE to secure the holder's obligation to purchase NEE common stock under the related stock purchase contract. If a successful remarketing does not occur on or before the third business day prior to the final settlement date, and a holder has not notified NEE of its intention to settle the stock purchase contract with cash, the debentures that are components of the Corporate Units will be used to satisfy in full the holders' obligations to purchase NEE common stock under the related stock purchase contracts on the final settlement date. The debentures are fully and unconditionally guaranteed by NEE.