CHICAGO — With a water revenue deal pricing Wednesday and a pending general obligation deal, Chicago has stepped up its investor-relation efforts as it seeks to minimize the premium demanded by buyers of paper from Illinois-based borrowers due to the state’s liquidity and budget crisis.

The city took retail orders Tuesday on its water revenue issue that includes $33 million of refunding debt, $423 million of Build America Bonds, and $30 million of qualified energy conservation bonds.

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