DALLAS - San Antonio expects to sell as much as $1 billion of debt during the next month, including one transaction that could break the city's record for the largest deal ever by a local issuer in Texas.

Financial advisers to the city say underwriters have already been selected for the two issues: a general obligation new-money and refunding deal that could total $349 million, and a $600 million-plus refunding and commercial paper program for the city's electric and gas utility system.

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