RNS No 6572h
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
26-JAN-99.

Issue:              SANWA AUSTRALIA FINANCE LIMITED - SERIES 18
                    US$5,000,000 (MTN) FRN/FIXED DUE 28/7/2005
                    
ISIN NO:            XS0089402316            Payment Date: 28-APR-99
Issue Nominal USD:  5,000,000.00
Period:                 28-JAN-99       To        28-APR-99
Number of Days:     90  
Rate:               5.56828             PCT
Denomination USD:   1,000,000.00
Amount Payable          
Per Denomination:   13,920.70


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


END


RC ANSOKKUKAUAR
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