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Debt
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Debt
Debt

Significant long-term debt issuances during the nine months ended September 30, 2018 were as follows:
 
Principal Amount
 
Interest Rate
 
Maturity Date
 
(millions)
 
 
 
 
 
 
FPL - First mortgage bonds
$
1,500

 
3.950
%
-
4.125%
 
2048
NEECH - Debentures
$
2,341

 
Variable
(a) 
2019 - 2021
———————————————
(a)
Variable rate is based on an underlying index plus a margin.

In August 2018, NEECH completed a remarketing of approximately $700 million aggregate principal amount of its Series H Debentures due September 1, 2020 (Series H Debentures) that were issued in September 2015 as components of equity units issued concurrently by NEE (September 2015 equity units). The Series H Debentures are fully and unconditionally guaranteed by NEE. In connection with the remarketing of the Series H Debentures, the interest rate on the Series H Debentures was reset to 3.342% per year, and interest is payable on March 1 and September 1 of each year, commencing September 1, 2018. In connection with the settlement of the contracts to purchase NEE common stock that were issued as components of the September 2015 equity units, in the third quarter of 2018, NEE issued 6,215,998 shares of common stock in exchange for $700 million.