CHICAGO - The Indiana Finance Authority plans to enter the market Thursday with two separate bond issues, including $55 million of variable-rate revenue bonds that will mark the final piece of financing for the new home of the National Football League's Indianapolis Colts just weeks from its grand opening.

Also on Thursday, the IFA will convert $70 million of five-year-old correctional facility auction-rate securities into variable-rate demand bonds supported by a standby bond purchase agreement. After the transaction, the authority will have refinanced all of its outstanding ARS debt, a months-long effort that began in March after the auction market began to collapse amid the credit crunch and downgrades of bond insurers.

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