Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 5546u
SANWA AUSTRALIA FINANCE LTD
17th March 1998


To:    Company Announcements Office

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

Issue:              SANWA AUSTRALIA FINANCE LTD (MTN) SERIES 7
                    US$3,000,000 FRN/FIXED DUE 19.3.2007

ISIN NO:            XS0074715482
Issue Nominal:      $3,000,000
Period:             19-MAR-98           To    21-SEPT-98
Number of Days:     186
Rate:               6.1875              PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,196.88


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


END





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