RNS No 8446r
SANWA AUSTRALIA FINANCE


To:    Company Announcements Office

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

Issue:              Sanwa Australia Finance (MTN) - Series 1
                    US$20,000,000 FRN/FIXED Due 20/12/2006

ISIN NO:            XS0072257768
Issue Nominal:      $20,000,000
Period:             22-DEC-97           To    22-JUN-98
Number of Days:     182
Rate:               6.43625             PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,253.88


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


END


RC AWOOKBOKUAAA
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