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

 MINNEAPOLIS, June 7 /PRNewswire/ -- Olympic Financial Ltd. (NASDAQ-NMS: OLYM) said a $66.1-million issue of automobile receivables-backed certificates was priced today through Kidder, Peabody & Co. Incorporated and Bear, Stearns & Co. Inc.
 The issue, Olympic Automobile Receivables Trust, 1993-B, was priced as 4.95 percent coupon at 99-29/32 to yield 4.94 percent, a 65 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 June 11, 1993, with interest accruing from June 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 Seattle. Olympic has relationships with more than 540 automobile dealers.
 -0- 6/7/93 R
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Olympic Financial; or Jeffrey C. Mack of Olympic Financial Ltd. 612-942-9880/
 (OLYM)


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

223 06-07-93 12:55 EDT AL -- MN016R -- 6288 06/07/93 18:55 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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