56HR Nordic 24

RNS No 3191r
NIPPON CREDIT BANK LTD
6th January 1998


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
06-Jan-98.

Issue:              NIPPON CREDIT BANK (MTN) - SERIES 2
                    US$15,000,000 FRN/FIXED DUE 7/7/2005

ISIN NO:            XS0058647719
Issue Nominal:      $15,000,000
Period:             08-Jan-98           To    07-Jul-98
Number of Days:     180
Rate:               6.25                PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,125.00


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


END

RC BFMTBLLAMBFP

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