33JQ Arkle 1bs

RNS No 6417w
SANWA AUSTRALIA FINANCE LIMITED
14 April 1999


To:    Company Announcements Office

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

Issue:              SANWA AUSTRALIA FINANCE LIMITED -SERIES 16
                    US$8,000,000 (MTN) FRN DUE 16/7/08
                    
ISIN NO:            XS0088986772        Payment Date 16/07/1999
Issue Nominal USD:  8,000,000.00
Period:                 16-APR-99       To        16-JUL-99
Number of Days:         91
Rate:                   5.8             PCT
Denomination USD:   1,000,000.00
Amount Payable          
Per Denomination:   14,661.11


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


END


RC ASUUKKSKSAAR

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