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OLYMPIC FINANCIAL LTD. ANNOUNCES PRICING OF FIRST PUBLIC ISSUE OF ASSET-BACKED SECURITIES

 MINNEAPOLIS, March 19 /PRNewswire/ -- Olympic Financial Ltd. (NASDAQ-NMS: OLYM) said a $59.2-million issue of automobile receivables- backed certificates was priced today through Kidder, Peabody & Co. Incorporated and Lehman Brothers.
 The issue, Olympic Automobile Receivables Trust, 1993-A, was priced as 4.65 percent coupon at 99-26/32 to yield 4.66 percent, a 75 basis point spread above the outstanding two-year Treasury note.
 It is a condition of issuance that the certificates be rated Aaa by Moody's and AAA by Standard & Poor's, based on a financial guarantee insurance policy provided by Financial Security Assurance Inc. Delivery of the certificates is scheduled for March 25, 1993, with interest accruing from March 1, 1993.
 Olympic Financial Ltd., an independent automobile finance company based in Minneapolis, purchases, sells and services retail installment sales contracts and promissory notes originated by automobile dealers. Founded in March 1990, the company also has offices in Denver, Dallas, and, as of this month, Seattle.
 Olympic has relationships with more than 365 automobile dealers located primarily in Minnesota, Colorado and Texas.
 -0- 3/19/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Olympic Financial; or Jeffrey C. Mack of Olympic Financial, 612-942-9880/
 (OLYM)


CO: Olympic Financial Ltd. ST: Minnesota IN: FIN SU:

AL -- MN010 -- 7919 03/19/93 12:50 EST
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Publication:PR Newswire
Date:Mar 19, 1993
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