CHICAGO — The St. Louis Metro will complete a ­refunding Wednesday of its $150 million floating-rate revenue bond issue from 2005, using a ­structure that provides a short-term salve for its fiscal challenges while the transit agency awaits a bump in sales tax dollars from a voter-approved increase.

Metro, formally known as the Bi-State Development Agency of the Missouri-Illinois Metropolitan District, restructured half of the original transaction with a three-year subordinate-lien note issue last week.

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