88KI Segro 37

RNS No 4866j
SHINHAN BANK 


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
19/05/99.

Issue:              SHINHAN BANK (MTN) - SERIES 4
                    US$100,000,000  DUE 21/8/2000

ISIN NO:            XS0068596823        Payment Date: 23/08/1999
Issue Nominal USD:  100,000,000.00
Period:                 21/05/99       To        23/08/99
Number of Days:     94  
Rate:               5.3                 PCT
Denomination USD:   10,000.00      500,000.00    1,000,000.00
Amount Payable          
Per Denomination:   138.39           6,919.44     13,838.89


From:
Jane Slate                              Telephone  44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile  44 (0) 1202 34 7939


END


RC SFWFDUUUUFSI

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