Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 0391e
SANWA AUSTRALIA FINANCE

To:    Company Announcements Office

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

Issue:              Sanwa Australia Finance (MTN) - Series 8
                    US$5,000,000 FRN/FIXED due 19/3/2007

ISIN NO:            XS0074886457                          
Issue Nominal USD:  5,000,000.00              
Period:             19-Jun-98           To          21-Sep-98
Number of Days:     94
Rate:               6.1875              PCT
Denomination USD:   100,000.00
Amount Payable      1,615.63
Per Denomination:            


From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939


END

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