RNS No 3665j
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

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

Issue:             SANWA AUSTRALIA FINANCE LIMITED - SERIES 16
                   US$8,000,000 (MTN) FRN DUE 16/07/08 

ISIN NO:           XS0088986772                           
Issue Nominal USD: 8,000,000.00                  
Period:            16-JUL-98           To          16-OCT-98
Number of Days:    92
Rate:              6.4875               PCT
Denomination USD:  1,000,000.00              
Amount Payable      
Per Denomination:  16,579.17           

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


END


RC AVOBKWRKBAAR
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