FPL hits record spread as insurers snap up $350m hybrid

14 Sep 2006

US hybrid capital investors celebrated the end to their six month feud with the National Association of Insurance Commissioners this week by showering Florida Power & Light with almost $4bn of demand for its $350m institutional hybrid issue.

Last weekend the insurance industry regulator withdrew from the punitive approach ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial