CHICAGO — Missouri will take competitive bids on about $285 million of revenue refunding bonds on Aug. 2 and then follow up with roughly $175 million of general obligation refunding bonds on Sept. 11, state officials said Monday.

The issuers of the bonds on behalf of the state, the Board of Public Commissioners and the Board of Fund Commissioners, approved the transactions at meetings last week. The deals will accomplish both double-digit percentage present-value savings and restructuring savings of $44 million that the state will take up front for budgetary relief.

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