33JQ Arkle 1bs

RNS No 8444q
SANWA AUSTRALIA FINANCE LIMITED
27th July 1998


To:    Company Announcements Office

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

Issue:     Sanwa Australia Finance Limited-Series 18
           US$5,000,000(MTN)FRN due 2005
                   

ISIN NO:      XS0089402316        
Issue Nominal: 5,000,000.00     
Period:             28-Jul-98         To          28-Oct-98
Number of Days:     92
Rate:                 6.2875            
Denomination:         1,000,000.00
Amount Payable      
Per Denomination:     16,068.06


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


END



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