RNS No 1162w
SANWA AUSTRALIA FINANCE 

To:    Company Announcements Office

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

Issue: Sanwa Australia Finace (MTN) - Series 7
       US$3,000,000 FRN/FIXED Due 19/3/2007

ISIN NO: XS0074715482
Issue Nominal: 3,000,000.00
Period:             21-Sep-98           To          19-Mar-98
Number of Days:     179
Rate:               5.90625             PCT
Denomination:       100,000.00
Amount Payable      2,936.72
Per Denomination:   


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


END


RC ABUSKWVKKAAR


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