RNS No 2182k
SANWA AUSTRALIA FINANCE LIMITED
26 April 1999


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
26/04/99.

Issue:              SANWA AUSTRALIA FINANCE LIMITED - SERIES 18
                    US$ 5,000,000 (MTN) FRN/FIXED DUE 28/7/2005

ISIN NO:            XS0089402316        Payment Date 28/07/99
Issue Nominal USD:  5,000,000.00
Period:             24/04/99       To        28/07/99
Number of Days:     91  
Rate:               5.59625             PCT
Denomination USD:   1,000,000.00
Amount Payable      
Per Denomination:   14,146.08


From:
Jane Slate                              Telephone  44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile  44 (0) 1202 34 7939


END

RC ANUSKKSKSUAR


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