CHICAGO — Working to calm jitters over Illinois' tarnished name, the state's debt manager and finance team met with more than 100 investors over the last week seeking to tamp down yield penalties on a $1.3 billion general obligation sale scheduled for Wednesday.

Despite the efforts, the state is up against a volatile market that will see supply of more than $9 billion and a carryover of unsold balances from the previous week amid a sell-off that drove up overall yields.

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