RNS No 3292d
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

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

Issue:              Sanwa Australia Finance Limited - Series 16              
                    US$8,000,000 (MTN) FRN due 16/7/08                    
ISIN NO:            XS0088986772            
Issue Nominal:      8,000,000.00      
Period:             16-Oct-98           To      19-Jan-99
Number of Days:     95 
Rate:               6.14906                 PCT
Denomination:       1,000,000.00
Amount Payable      
Per Denomination:   16,226.69


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


END

RC ASOOKWKKRAAA
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