Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 0117a
SANWA AUSTRALIA FINANCE LIMITED
13th February 1998

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

As Agent Bank, please be advised of the following rate determined on the 13
February 1998

Issue:                        Sanwa Australia Finance (MTN) - Series 11
                              US$5,000,000 FRN/FIXED Due 15.5.2007

ISIN Number:                  XS0076458727
Issue Nominal:                $5,000,000
Period:                       17 February 1998    TO        15 May 1998
Number of Days:               87
Rate:                         6.225               PCT
Denomination:                 $100,000
Amount Payable Per
Denomination:                 $1,504.38

From:  Chase Manhattan Bank


END

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