Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 6317m
SANWA AUSTRALIA FINANCE LD
13th August 1998



To:    Company Announcements Office

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

Issue:    SANWA AUSTRALIA FINANCE (MTN) - SERIES 11
          US$5,000,000 FRN/FIXED DUE 15/5/2007
                    

ISIN NO:  XS0076458727             
Issue Nominal:        5,000,000.00
Period:             17-AUG-98           To          16-NOV-98
Number of Days:     91
Rate:               6.2875              PCT
Denomination:       100,000.00
Amount Payable      
Per Denomination:   1,589.34 


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


END



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