The bank's road show held in Hong Kong, Singapore, London and Frankfurt ended two days ahead of schedule due to high demand.
"The flotation was increased from the initial $250-$300 million to $350 million," the bank said.
More than 150 investors from England (48%), the United States (13%), Switzerland (11%), Asia (9%) and Russia (4%) bought the Eurobonds, which have a maturity in May 2010.
Among other buyers were banks (34%), managing funds (about 43%), hedge funds (13%), private investors (6%), and corporate and other investors (4%). The Eurobond issue was organized by ABN AMRO Bank and Standard Bank, which also acted as bookrunners.
TransCreditBank, established in November 1992, is a support bank for rail monopoly Russian Railways and provides banking services to the country's railroads, associated companies and relevant partners and counteragents. TCB is on the list of the Central Bank's 30 largest banks.
