From a press release issued by KTM:

KTM Bond Heavily Oversubscribed – Premature Closure of Issue

• Emission volume EUR 90 million
• 4.5 % Bond 2004-2009 of the KTM Group GmbH (“KTM”)


Vienna/Mattighofen: The subscription period for the EUR 90 million corporate bond issued by KTM was prematurely closed on 4 May 2004 – one day earlier than planned. According to the joint lead managers, Erste Bank and Raiffeisen Zentralbank, this was necessary due to strong retail demand. The bond was oversubscribed more than twice with foreign investors also showing a strong interest. The KTM bond is the first bond issued by an Austrian company to be offered to the public this year.

Following a ruling of the Vienna Stock Exchange on 4 May 2004 the KTM bond was admitted for regulated over-the-counter trading on the Vienna Stock Exchange. It will be listed for the first time on 11 May 2004.