20 largest bond financings of March

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The top five bond financings in the ranking totaled more than $7 billion, according to data from LSEG. The top 20 bonds had a total issuance volume of nearly $17 billion.

Scroll through to see which bond financings are in the top 20 for the month of March.

Source: LSEG

Largest bond financings of March 2025

Rank Amount (millions) Issuer Date
20 $414.00 California March 20
19 $434.10 Massachusetts DFA March 5
18 $444.30 California March 20
17 $493.30 California Community Choice FA March 5
16 $500.00 Ohio PFC March 11
15 $531.10 New York State March 18
14 $559.80 NYC Municipal Water Finance March 26
13 $590.60 Alabama FAHFA March 18
12 $597.60
Missouri HEFA
March 4
11 $631.90 University of Texas System March 13
10 $713.10 Pennsylvania EDFA March 19
9 $725.00 Illinois March 11
8 $781.70 New Mexico MEAA March 4
7 $847.80 NY MTA March 19
6 $900.00 Kentucky Property/Buildings March 6
5 $1,211.60 University of California March 5
4 $1,410.50 New York City March 6
3 $1,500.00 NYC Transitional Finance Authority March 13
2 $1,599.30 Los Angeles Airports March 27
1 $2,039.20 NYS Dorm Authority March 20
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