RNS No 5598x
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
24/06/98.  

Issue:              Sanwa Australia Finance LTD - Series 15
                    US$15,000,000 (MTN) FRN Due 15/12/98

ISIN NO:            XS0088555957               
Issue Nominal:      15,000,000.00            
Period:             26-Jun-98             To          15-Dec-98
Number of Days:     172
Rate:               5.97                PCT
Denomination:       1,000,000.00
Amount Payable      
Per Denomination:   28,523.33


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


END

RC AKOKKWBKNURR
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