New Issue- Progress Energy Florida sells $650 mln of bonds in 2-parts

Nov 15 (Reuters) - Progress Energy Florida Inc on
Thursday sold $650 million of first mortgage bonds in two parts,
said IFR, a Thomson Reuters service.
Goldman Sachs, J.P. Morgan, Morgan Stanley and RBC were the
joint bookrunning managers for the sale.

BORROWER: PROGRESS ENERGY FLORIDA

TRANCHE 1
AMT $250 MLN COUPON 0.65 PCT MATURITY 11/15/2015
TYPE BONDS ISS PRICE 99.911 FIRST PAY 05/15/2013
MOODY'S A2 YIELD 0.68 PCT SETTLEMENT 11/20/2012
S&P SINGLE-A SPREAD 35 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 5 BPS

TRANCHE 2
AMT $400 MLN COUPON 3.85 PCT MATURITY 11/15/2042
TYPE BONDS ISS PRICE 99.683 FIRST PAY 05/15/2013
MOODY'S A2 YIELD 3.868 PCT SETTLEMENT 11/20/2012
S&P SINGLE-A SPREAD 115 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS