Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 1060j
SANWA AUSTRALIA FINANCE LD



To:    Company Announcements Office

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

Issue:             Sanwa Australia Finance (MTN) - Series 1
                   US $20,000,000 FRN/FIXED Due 20/12/2006

ISIN NO:           XS0072257768    
Issue Nominal:     20,000,000.00
Period:             22-JUN-98           To          21-DEC-98
Number of Days:     182
Rate:               6.28                PCT
Denomination:       100,000.00
Amount Payable      
Per Denomination:   3,174.89 


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


END

RC AWOOKWSKNAAR

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