This month, the agency that runs New York City's subway system and other transportation assets, enters the market to sell $4.5 billion in bonds and set up for five more sizable deals by year's end--for a total of $14 billion in debt.
California's Department of Water and Power, with an $11 billion deal in the pipeline since the state began buying power to avoid blackouts last year, could easily claim the "biggest bond" record if sold as planned.
