September 4, 2019 / 8:43 PM / 3 months ago

NextEra Energy plans to sell $1.5 bln equity units

Sept 4 (Reuters) - NextEra Energy Inc said on Wednesday it intends to sell $1.5 billion worth of equity units, with each unit issued at $50.

The company said the individual units will consist of a contract to purchase NextEra common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due Sept. 1, 2024.

The proceeds will be used to fund investments in energy and power projects, NextEra Energy said. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)

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