88KI Segro 37

RNS No 5892W 
SHINHAN BANK
8th September 1997


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
08-Sep-97.

Issue:              Shinhan Bank (MTN) -Series 7
                    US$50,000,000 FRN Due 10/6/1998

ISIN NO:            XS0077186830
Issue Nominal:      $50,000,000
Period:             10-Sep-97           To    10-Dec-97
Number of Days:     91
Rate:               5.96875   PCT
Denomination:       $10,000
Amount Payable      
Per Denomination:   $150.88


From:
John Patten
Global Trust Services, 380B
Telephone           44 (0) 1202 347935
Facsimile           44 (0) 1202 347939


END

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