Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 1537e
SANWA AUSTRALIA FINANCE
8 MAY 1998


To:    Company Announcements Office

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

Issue: Sanwa Australia Finance (MTN) - Series 13
       US$100,000,000 FRN Due 12/11/1998             

ISIN NO:            XS0081929795
Issue Nominal:      $100,000,000
Period:             12-May-988           To    12-Aug-98
Number of Days:     92
Rate:               5.6875              PCT
Denomination:       $1,000,000
Amount Payable      
Per Denomination:   $14,534.72


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


END


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