Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 8246v
SANWA AUSTRALIA FINANCE LIMITED US           
21th May 1998



To:    Company Announcements Office

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

Issue:   SANWA AUSTRALIA FINANCE LIMITED US$50,000,000
         Guaranteed Floating/Fixed Notes due May 2006

ISIN NO:  XS0066258517
Issue Nominal:      $50,000,000
Period:             26-MAY-98           To    24-NOV-98
Number of Days:     182
Rate:               6.25                PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,159.72


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


END


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