Filed Pursuant to Rule 424 (b) (3)
Registration No. 333-121263
APPLICABLE FINAL TERMS
Set out below is the form of final terms (which will constitute a "pricing
supplement" for purposes of any offers or sales in the United States or to U.S.
persons) which will be completed for each tranche of bonds offered and sold
pursuant to this prospectus supplement and the U.S. Prospectus. The bonds may be
issued in one or more series as we may authorize from time to time. Prospective
investors should refer to the applicable prospectus supplement and the U.S.
Prospectus for a description of the specific terms and conditions of the
particular series of bonds.
FINAL TERMS NO. 2122 DATED 24 APRIL 2009
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$2,000,000.00 GLOBAL A$ BONDS
GUARANTEED BY THE TREASURER ON BEHALF OF THE GOVERNMENT OF QUEENSLAND
UNDER THE A$20,000,000,000 GLOBAL A$ BOND FACILITY
ISSUED ON A CONSOLIDATED BASIS WITH THE GLOBAL
A$ BONDS DUE 2017 CURRENTLY TOTALING A$
2,306,772,000.00 (A$1,159,054,000.00 INCLUDING BUY
BACKS)
PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes
of the Terms and Conditions set forth in the prospectus supplement dated
December 14, 2005 and the US Prospectus dated December 17, 2004 (together, the
"Original Prospectus") (the "Terms and Conditions"). This document constitutes
the final terms (which will constitute a "pricing supplement" for purposes of
any offers or sales in the United States or to U.S. persons) of the bonds
described herein for the purposes of Article 5.4 of the Prospectus Directive (as
defined below) and must be read in conjunction with the prospectus supplement
dated December 12, 2008, and the US Prospectus dated December 10, 2007
(together, the "Prospectus") which constitutes a base prospectus for the
purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus
Directive") (hereinafter, the "prospectus supplement"), save in respect of the
Terms and Conditions which are incorporated by reference herein. Full
information on the Issuer, the guarantor and the offer of the bonds is only
available on the basis of the combination of this document, the Original
Prospectus and the Prospectus. Copies of the prospectus supplement and the
Prospectus are available for viewing free of charge at the Head Office of the
Issuer, Minerals & Energy Centre, 61 Mary Street, Brisbane, Queensland 4000,
Australia, and copies may be obtained from the listing agent, Deutsche Bank
Luxembourg S.A., 2 Boulevard Konrad Adenauer, L-1115 Luxembourg. The final terms
(which will constitute a "pricing supplement" for purposes of any offers or
sales in the United States or to U.S. persons) will be published on the
Luxembourg Stock Exchange's website.
[Include whichever of the following apply or specify as "Not Applicable"
(N/A). Note that the numbering should remain as set out below, even if "Not
Applicable" is indicated for individual paragraphs or subparagraphs. Italics
denote directions for completing the final terms (which will constitute a
"pricing supplement" for purposes of any offers or sales in the United States or
to U.S. persons).]
[When adding any other final terms or information at, for example, item 19
of Part A or in relation to disclosure relating to the interests of natural and
legal persons involved in the issue/offer in Part B consideration should be
given as to whether such terms or information constitute "significant new
factors" and consequently trigger the need for a supplement to the Prospectus
under Article 16 of the Prospectus Directive.]
1. (i) Issuer: Queensland Treasury Corporation
(ii) Guarantor: The Treasurer on behalf of the Government of Queensland
2. Benchmark line: 2017
(to be consolidated and form a single series with QTC 6% Global A$Bonds
due 14 September 2017, ISIN US748305BG31)
3. Specific Currency or Currencies: AUD ("A$")
4. (i) Issue price: 103.761%
(ii) Dealers' fees and commissions paid by No fee or commission is payable in respect of the issue of the bond(s)
Issuer: described in these final terms (which will constitute a "pricing
supplement" for purposes of any offers or sales in the United States or
to U.S. persons). Instead, QTC pays fees and commissions in accordance
with the procedure described in the QTC Offshore and Onshore Fixed
Interest Distribution Group Operational Guidelines.
5. Specified Denominations: A$1,000
6. (i) Issue Date: 27 April 2009
(ii) Record Date (date on and from which 6 March / 6 September. Security will be ex-interest on and from 7 March
security is Ex-interest): / 7 September.
(iii) Interest Payment Dates: 14 March / 14 September
7. Maturity Date: 14 September 2017
8. Interest Basis: 6 per cent Fixed Rate
9. Redemption/Payment Basis: Redemption at par
10. Change of Interest Basis or Redemption/ Not Applicable
Payment Basis:
11. (i) Status of the Bonds: Senior and rank pari passu with other senior, unsecured debt obligations
of QTC
(ii) Status of the Guarantee: Senior and ranks pari passu with all its other unsecured obligations
12. Method of distribution: Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13. Fixed Rate Note Provisions Applicable
(i) Rate(s) of Interest: 6 per cent per annum payable semi-annually in arrears
(ii) Interest Payment Date(s): 14 March and 14 September in each year up to and including the Maturity
Date
(iii) Fixed Coupon Amount(s): A$30 per A$1,000 in nominal amount
(Applicable to bonds in definitive form)
(iv) Determination Date(s): Not Applicable
(v) Other terms relating to the method of None
calculating interest for Fixed Rate Bonds:
PROVISIONS RELATING TO REDEMPTION
14. Final Redemption Amount: A$1,000 per bond of A$1,000 Specified Denomination
(NB: If the Final Redemption Amount is other than 100 per cent. of the
nominal value the bonds will be derivative securities for the purposes
of the Prospectus Directive and the requirements of Annex XII to the
Prospectus Directive Regulation will apply and the Issuer will prepare
and publish a supplement to the Prospectus)
15. Early Redemption Amount(s) payable on Not Applicable
redemption for taxation reasons or on
event of default and/or the method of
calculating the same:
GENERAL PROVISIONS APPLICABLE TO THE BONDS
16. Form of Bonds: Permanent Global Note not exchangeable for Definitive Bonds
17. Additional Financial Centre(s) or other Not Applicable
special provisions relating to Payment
Dates:
18. Talons for future Coupons or Receipts to No
be attached to Definitive Bonds (and dates
on which such Talons mature):
19. Other terms or special conditions: Not Applicable
(When adding any other final terms consideration should be given as to
whether such terms constitute "significant new factors" and consequently
trigger the need for a supplement to the Prospectus under Article 16 of
the Prospectus Directive)
DISTRIBUTION
20. (i) If syndicated, names and addresses of Not Applicable
Managers and underwriting commitments:
(ii) Date of Dealer Agreement: 24 April 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and address of The Toronto Dominion Bank
relevant Dealer: Level 24
9 Castlereagh Street
Sydney NSW 2000
22. Whether TEFRA D or TEFRA C rules applicable TEFRA Not Applicable
or TEFRA rules not applicable:
23. Non exempt Offer Not Applicable
(N.B. Consider any local regulatory requirements necessary to be
fulfilled so as to be able to make a non-exempt offer in relevant
jurisdictions. No such offer should be made in any relevant
jurisdiction until those requirements have been met. Non-exempt offers
may only be made into jurisdictions in which the base prospectus (and
any supplement) has been notified/passported.)
24. Additional selling restrictions: Not Applicable
LISTING APPLICATION
These final terms (which will constitute a "pricing supplement" for
purposes of any offers or sales in the United States or to U.S. persons)
comprises the details required for issue and admission to trading on the
Luxembourg Stock Exchange regulated market and admission to the Official List of
the Luxembourg Stock Exchange of bonds described herein pursuant to the
A$20,000,000,000 Global A$ Bond Facility of Queensland Treasury Corporation.
RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information
contained in these final terms (which will constitute a "pricing supplement" for
purposes of any offers or sales in the United States or to U.S. persons).
Signed on behalf of the Issuer:
By:
---------------------------------
Duly authorized
PART B -- OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Listing Bourse de Luxembourg.
(ii) Admission to trading: Application has been made by the Issuer (or on its behalf) for the
bonds to be admitted to trading on the regulated market of the Bourse
de Luxembourg with effect from the Issue Date.
(Where documenting a fungible issue need to indicate that original
securities are already admitted to trading.)
2. RATINGS
Ratings: The bonds to be issued have been rated:
S&P: AA+
Moody's: AAA
An obligation rated `AA+' by S&P has the second highest long term
credit rating assigned by Standard & Poor's and differs from the
highest rated obligations by only a small degree. The obligor's
capacity to meet its financial commitment on the obligation is very
strong.
Obligations rated `AAA' by Moody's are judged to be of the highest
quality with minimal credit risk.
A credit rating is not a recommendation to buy, sell or hold
securities and may be revised or withdrawn by the rating agency at any
time. Each rating should be evaluated independently of any other
rating.
(The above disclosure should reflect the rating allocated to bonds
issued under the bond facility generally or, where the issue has been
specifically rated, that rating.)
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealers, so far as the Issuer is aware, no
person involved in the issue of the bonds has an interest material to the offer.
- -- Amend as appropriate if there are other interests] [(When adding any other
description, consideration should be given as to whether such matters described
constitute "significant new factors" and consequently trigger the need for a
supplement to the prospectus supplement under Article 16 of the Prospectus
Directive.)]
4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the Offer: See "Use of Proceeds" section in the prospectus supplement -- if reasons
for offer different from making profit and/or hedging certain risks will
need to include those reasons here.
(ii) Estimated net proceeds: Not Applicable.
(If proceeds are intended for more than one use will need to split out
and present in order of priority. If proceeds insufficient to fund all
proposed uses state amount and sources of other funding.)
(iii) Estimated total expenses: Not Applicable.
[Expenses are required to be broken down into each principal intended
"use" and presented in order of priority of such "uses".]
5. YIELD
Indication of yield: 5.54%
Calculated as 7 basis points less than the yield on the equivalent
A$ Domestic Bond issued by the Issuer under its Domestic A$ Bond
Facility on the Trade Date.
The yield is calculated at the Trade Date on the basis of the Issue
Price. It is not an indication of future yield.
6. OPERATIONAL INFORMATION
(i) ISIN Code: US748305BG31
(ii) Common Code: 027594204
(iii) CUSIP Code: 748305BG3
(iv) Any clearing system(s) other than Depositary Not Applicable
Trust Company, Euroclear Bank S.A./N.V. and
Clearstream Banking, societe anonyme and the
relevant identification number(s):
(v) Delivery: Delivery free of payment
(vi) Names and addresses of additional Paying [ ]
Agent(s) (if any):
7. TERMS AND CONDITIONS OF THE OFFER
(i) Offer Price; Not applicable
(ii) [Conditions to which the offer is subject;] Not applicable
(iii) [Description of the application process;] Not applicable
(iv) [Details of the minimum and/or Not applicable
maximum amount of application;]
(v) [Description of possibility to reduce Not applicable
subscriptions and manner for refunding
excess amount paid by applicants;]
(vi) [Details of the method and time limits for Not applicable
paying up and delivering the bonds;]
(vii) [Manner in and date on which results of the Not applicable
offer are to be made public;]
(viii) [Procedure for exercise of any right of Not applicable
pre-emption, negotiability of subscription
rights and treatment of subscription rights
not exercised;]
(ix) [Categories of potential investors to Not applicable
which the bonds are offered and whether
tranche(s) have been reserved for certain
countries;]
(x) [Process for notification to applicants Not applicable
of the amount allotted and the indication
whether dealing may begin before notification
is made;]
(xi) [Amount of any expenses and taxes Not applicable
specifically charged to the subscriber
or Purchaser;]
(xii) [Name(s) and address(es), to the extent know None
to the Issuer, of the placers in the various
countries where the offer takes place.]