After converting $524.7 million of auction-rate securities beginning tomorrow, the District of Columbia on Friday will convert $24.3 million of ballpark revenue bonds to variable-rate demand obligations backed by a letter of credit from Bank of America NA.

The  ballpark bonds are the last portion of about $550 million of ARS the district plans to convert this week. The city also refunded $252.5 million of VRDOs backed by letters of credit last week.

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