CHICAGO — Illinois' $300 million sale of high-grade taxable, sales-tax backed paper drew 11 bids all within a tight 19 basis point range, state officials said Thursday after the sale.

Wells Fargo won the bid with a true interest cost of 3.286%. Citi followed with a TIC of 3.298%. The spread between the high and low bids came within 19 basis points.

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