CHICAGO - A major St. Louis area health-care system plans to sell $335 million of refunding and new money revenue bonds today.

The bonds to be issued by Barnes-Jewish Inc./Christian Health Services are rated AA-minus with a stable outlook by Standard & Poor's Corp. and Aa by Moody's Investors Service. The refunding is expected to generate a present value savings of about $18 million over the life of the bonds, according to Edward C. Malmstrom, a managing director in the health-care finance department at Merrill Lynch & Co., the co-senior manager and bookrunner for the deal.

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