A floating rate treasury note issue bythe Republic of Austria is likely to be raised to 2.5 billion
schillings from two billion due to heavy demand, lead manager
Oesterreichische Laenderbank AG &lt;OLBV.VI> said.
    Laenderbank managing board member Herbert Cordt told
Reuters that demand had been strong throughout Europe. The
issue, carrying interest of 1/8th of a point over the
three-month Vienna Interbank Offered Rate, is the second of its
kind. The first was made last October 23.
    The issue, made at par, has an initial three-year life and
the borrower has the right to make extensions up to 1997.
 REUTER
