CHICAGO — Chicago enters the market Wednesday with $600 million of new-money and refunding general obligation debt, hoping investors turn a favorable eye on budgetary strides and the administration’s initial steps toward repairing pension woes.

The GO sale includes a $200 million new-money, tax-exempt series, a $300 million new-money and refunding taxable series, and a $100 million tax-exempt refunding series. The bonds are structured in a mix of serial maturities and term bonds.

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